Margin and pip value calculator

Before opening a trade, check how much margin will be locked and how much each pip of your position is worth.

Result

Fill in the fields with valid values to see the result.

Recent calculations

    Educational tool. Results are indicative and are not financial advice. Always verify values with your broker.

    Next step

    Continue your trading plan with these tools:

    Lot size calculatorCalculate the exact position size from your balance, risk and stop loss.Drawdown calculatorFind out how much you need to gain to recover a loss and how many losses in a row your account can take.Forex market hoursLive clock of the Sydney, Tokyo, London and New York sessions and their overlaps.

    How it works

    What we calculate

    Notional value is the total size of the position: lots × contract size × price. Required margin is that value divided by leverage, converted into your account currency.

    The pip value of your position is lots × contract size × pip size, also converted into your currency. It tells you how much you gain or lose for each pip price moves.

    Margin and safety

    A high used margin relative to your equity leaves little cushion against adverse moves. As a prudent rule of thumb, avoid committing a large part of your account as margin at any one time.

    FormulaMargin = (Lots × Contract × Price × Conversion) ÷ Leverage

    Frequently asked questions

    What is required margin?

    It is the money the broker locks as collateral while the position is open. It is released when you close it.

    Does leverage change the pip value?

    No. Pip value depends only on lot size, contract and currency. Leverage only changes the margin that gets locked.

    Why does my broker show a different margin?

    Some brokers apply different leverage per instrument, position size or client type. Check their conditions.

    What if margin exceeds my balance?

    You would not be able to open the position. Reduce the lot size, look for higher leverage (carefully) or deposit more funds.

    Related guide

    Leverage and margin explained with examplesHow margin is calculated, what margin level is and why high leverage does not change the pip value.

    Related concepts

    MarginLeverageMargin callPip