Pip value calculator
What one pip is worth in your account currency.
Presets:
- Pip value
- –
Contract sizes and pip definitions differ between brokers, especially for gold. Check your broker's contract specification before you trade.
How the pip value is calculated
The value of one pip depends on the position size, the contract size, how big a pip is, and the rate that converts the quote currency into your account currency.
pip value = lots × contract size × pip size × conversion rate
How to use it
- Pick a preset (EUR/USD: 100,000 units and a 0.0001 pip, XAU/USD: 100 oz and a 0.1 pip) or enter your broker's contract size and pip size.
- Enter the number of lots.
- Set the conversion rate. For pairs quoted in USD on a USD account, it is 1. On a EUR account, use the USD to EUR rate.
- Use the result as the pip value in the position size calculator.
Good to know
- For gold there is no single pip standard: 0.01, 0.10 and 1.00 are all used. Check which one your broker and your tools use.
- MetaTrader 5 measures stops and spreads in points, which on gold are usually 0.01.