Free Online Forex Pip Value, Lot Size, Margin, Leverage & Risk Calculator Tools
Work out the forex numbers that decide a trade. Calculate pip value in your own account currency, lot size for a set risk, margin and leverage, spread and swap costs, commission, break-even, stop loss and take profit levels, drawdown, compounding and pivot or Fibonacci levels. You supply the rates.
Choose a Forex Calculator
Each one answers a single question, and opens on its own page.
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Which Calculator Do I Need?
Find the question you are actually asking.
| What you are trying to work out | Use this |
|---|---|
| What is one pip worth on a 0.5 lot EUR/USD trade? | Pip Calculator soon |
| My account is in GBP but I trade USD/JPY — what is a pip to me? | Pip Calculator soon |
| I only want to lose 1% of my account if I am wrong | Position Size & Lot soon |
| What lot size does a 30 pip stop allow? | Position Size & Lot soon |
| How much margin will this position tie up? | Margin Calculator soon |
| How far can price move before I get a margin call? | Margin Calculator soon |
| What did that trade actually make after spread and swap? | Profit & Loss soon |
| Is 1:2 worth taking, and how often would I have to be right? | Risk / Reward soon |
| Where do I put the stop if I will only risk $200? | Stop Loss & Take Profit soon |
| What is this profit worth in my own currency? | Currency Converter soon |
| What will it cost me to hold this position for a week? | Swap & Rollover soon |
| Where would my account be after a year at 2% a month? | Compounding soon |
| I am down 30% — what gain gets me back to even? | Drawdown & Recovery soon |
| How many pips is my stop, and how many dollars is that? | Pip Value Calculator soon |
| My broker quotes five digits and I keep miscounting pips | Forex Unit Converter soon |
| What lot size should I take on a small account? | Lot Size Calculator soon |
| I know my stop in pips but not what to set as the price | Stop Loss Calculator soon |
| Where do I put the take-profit for the reward I want? | Take Profit Calculator soon |
| Am I risking more than my rule allows on this trade? | Risk Percentage Calculator soon |
| Is my broker's 500:1 the same as the leverage I am using? | Leverage Calculator soon |
| The spread looks small, but what is it costing me? | Spread Calculator soon |
| Raw spread with commission, or commission-free? Which is cheaper? | Commission Calculator soon |
| What does this trade cost me in total, all costs together? | Trading Fee Calculator soon |
| What price gets me back to level after costs? | Break-Even Calculator soon |
| Where are yesterday's support and resistance levels? | Pivot Points soon |
| What are the retracement levels on this swing? | Fibonacci Levels soon |
How These Calculators Work
Five steps, and the last one is yours.
Each card below answers one specific question. They open as their own pages, with a full explanation underneath.
Both matter. The pair decides what a pip is worth in the quote currency; your account currency decides what that is worth to you.
Entry, stop, lot size, spread. Take them from your trade history rather than from a chart, because those are the prices you actually got.
Every result shows the formula with your numbers in it, so you can check the sum instead of trusting it.
The tools stop at the arithmetic. Which pair, which direction and how much to risk are your calls, not ours.
Why Use These Instead of Doing It in Your Head
The differences that show up once real money is on the trade.
A pip is worth something in the quote currency, and something else again in the currency your account is denominated in. Skipping that conversion is the most common error in forex arithmetic, because a EUR/GBP pip is not worth the same to a dollar account as a euro one. Every tool here asks for your account currency and does the second step.
On most pairs a pip is the fourth decimal; on yen pairs it is the second. A calculator that assumes one rule is wrong by a factor of a hundred on every yen trade. The pip size is derived from the pair rather than assumed, and shown on screen so you can check it.
The lot size is worked backwards from the loss you are willing to take and the distance to your stop. Leverage does not enter that sum at all. It decides the margin the position ties up, not how much you lose if the stop is hit.
The spread is paid the moment you enter, and swap is charged for every night you hold. A gross figure that ignores them looks better and is worth less, so they appear as their own lines, between the gross number and the net one.
Nothing here fetches a quote. You type the rate you actually filled at, which is the number sitting in your trade history, not an interbank mid from thirty seconds ago that you could never have traded on anyway.
The same tools run in mobile Safari and Chrome, with number pads for the numeric fields and a layout that reflows so nothing is cut off, which matters because position size usually gets checked on a phone.
About WizTools Forex Calculators
Forex has more arithmetic in it than most markets, and almost none of it is difficult. It is just easy to get wrong in a specific way. A pip is worth one thing in the quote currency and another in the currency your account is held in. On yen pairs a pip sits in a different decimal place than everywhere else. A lot is a hundred thousand units of the base currency, so a rounding slip of one decimal is a tenfold slip in risk. None of that needs a market view to go wrong; it only needs doing in your head while a position is open.
This page collects the forex calculators on WizTools in one place. Each one answers a single question and shows its working, so you can see the formula with your own numbers in it rather than taking a figure on trust. They are deliberately narrow tools: there is no signal service, no expert advisor, no broker connection and nothing that needs an account.
Nothing here fetches a live rate, and that is a design decision rather than a limitation. The rate that matters when you are checking a result is the one you actually filled at, which is in your trade history, not an interbank mid that no retail trader deals at. Typing your own figures also means the tools keep working when a data feed is down, and that no request ever carries information about what you are trading.
What these calculators cannot do is tell you which pair to trade or when. They have no view on any currency, they cannot see your circumstances, and a number produced here is not financial advice. Leveraged forex trading carries a high risk of losing money quickly, and most retail accounts do lose money. What a calculator can honestly give you is the arithmetic, done correctly and with the costs included, so that whatever you decide, you are deciding with the right numbers in front of you.
Frequently Asked Questions
Common questions about working out forex numbers here.
Every Other Category
17 more sets of tools on the site. All free, all in your browser.