EXNESS Rebates
EUR/USD Spread
Around 10
Commission
40% spread
Rebate Rate
100%
Forex Pip Calculator
Calculate forex pip value based on currency pair, lot size, and pip movement. Use our free forex pip calculator to estimate trading impact before opening a position.
Currency Pair
Calculate pip value by forex pair
Lot Size
Understand position impact
Pip Movement
Estimate trading value changes
Forex Pip Calculator
Calculate pip value based on currency pair, lot size, and pip movement. Estimate the impact of forex price changes before opening a position.
Pip Value
$
0.00
Estimated value based on your selected currency pair, lot size, and pip movement.
What Is a Forex Pip?
A pip is a standard unit used to measure price movement in forex trading. It represents the smallest common price change used by traders to calculate profit, loss, and trading risk.
Most major forex currency pairs use four decimal places. A one pip movement usually represents a change in the fourth decimal place.
Forex Pip Example
For the EUR/USD currency pair:
1.1000
→
1.1001
The price moves by:
1 Pip Movement
Understanding pips helps traders estimate potential trading costs, manage risk, and calculate how much a price movement may affect a position.
How Is Forex Pip Value Calculated?
Forex pip value depends on three main factors:
- Currency Pair
- Lot Size
- Pip Movement
Lot Size × Pip Value × Pip Movement = Total Pip Value
For many USD quoted currency pairs, one standard lot (100,000 units) has an approximate pip value of $10 per pip.
The final pip value may change depending on the currency pair, exchange rate, and account currency.
Forex Pip Value Example
Use the following example to understand how a forex pip calculator works.
| Input | Value |
|---|---|
| Currency Pair | EUR/USD |
| Lot Size | 1 Standard Lot |
| Pip Movement | 20 Pips |
Calculation
1 lot × $10 × 20 pips
= $200
This means a 20 pip movement on a 1 lot EUR/USD position represents an estimated value change of approximately $200.
Reduce Forex Trading Costs With Rebates
We are the highest-tier partner of several major forex brokers. Our commission level is the highest available tier, allowing us to provide competitive rebate rates.
How Our Forex Rebate Program Works
We receive commissions from partner brokers and share an agreed percentage with traders.
Some smaller affiliates advertise 100% rebates, but their commission tier may not be the highest. A higher commission level can result in higher actual cashback even when the displayed rebate percentage is lower.
If broker commission structures change, rebates are calculated based on the actual commissions received multiplied by the agreed rebate percentage.
Forex Brokers With Competitive Rebates
TickMill Rebates
EUR/USD Spread
Around 16
Commission
$10
Rebate Rate
100%
IC Markets Rebates
EUR/USD Spread
7
Commission
$4
Rebate Rate
100%
TMGM Rebates
EUR/USD Spread
Around 16
Commission
$10
Rebate Rate
100%
XM Rebates
EUR/USD Spread
Around 20
Commission
$8.1–$190
Rebate Rate
90%
Dprime Rebates
EUR/USD Spread
Around 10
Commission
$5
Rebate Rate
90%
ZFX Rebates
EUR/USD Spread
Around 13
Commission
$38
Rebate Rate
90%
AXI Rebates
EUR/USD Spread
14
Commission
$6.3
Rebate Rate
90%
FxPro Rebates
EUR/USD Spread
Around 17
Commission
46.75% spread
Rebate Rate
85%
Explore More Forex Trading Resources
Learn more about forex brokers and cashback programs to better understand trading costs and rebate opportunities.
Forex Pip Calculator FAQ
Find answers about forex pips, pip value calculations, and how to estimate trading impact using a pip calculator.
What is a forex pip?
A pip is a standard unit used to measure price movement in forex trading. It represents a small change in the exchange rate of a currency pair and is commonly used to calculate trading profit, loss, and pip value.
How do you calculate pip value in forex?
Forex pip value is calculated based on the currency pair, lot size, and pip movement. The basic formula is Lot Size × Pip Value Per Lot × Pip Movement = Total Pip Value. For many USD quoted currency pairs, one standard lot is approximately worth $10 per pip.
How much is one pip worth?
The value of one pip depends on the currency pair, position size, and account currency. For many major forex pairs, one standard lot has an approximate pip value of $10, while smaller lot sizes such as 0.10 or 0.01 lots have proportionally lower pip values.
Does pip value change between currency pairs?
Yes. Pip value can change between currency pairs because exchange rates, quote currencies, and account currencies affect the calculation. Currency pairs involving Japanese yen also use different pip calculations compared with most other major pairs.
Can beginners use a forex pip calculator?
Yes. A forex pip calculator is useful for beginners because it helps estimate the financial impact of price movements before opening a trade. Traders can enter a currency pair, lot size, and pip movement to understand potential pip value changes.