Notional value
What the position controls, not what it costs. Lot size multiplied by the contract size for the asset class, multiplied by price.
Trading tools
Know the risk before you take it.
Margin, pip value, spread cost and the exact loss at your stop — for any instrument on the book, at any lot size and leverage.
Position calculator
Margin · pip value · risk
100,000.00 units of base currency
lots
1:10
Fixed for Forex.
$
@ 1.08370
pips
@ 1.09120
pips
Reference price
1.08620
- Notional value
- $108,620
- Margin required
- $10,862.00
- Free margin after
- -$862.00
- Pip value
- $10.00 / pips
- Spread cost
- $0.00
Loss at stop
−$250.00
2.50% of balance
Profit at target
+$500.00
2.00:1 reward-to-risk
Risk vs 2% reference
AboveThis position needs more margin than the account holds. Reduce the lot size or increase the balance.
Figures are indicative and use a reference price rather than a live quote. Actual margin and spread are applied by the platform at execution.
Reading the output
What each number actually means
Four figures decide whether a trade is sized correctly. The rest is preference.
Margin required
The portion of the notional your account must post to hold the position. It is the notional divided by the effective leverage, and it is locked until you close.
Pip value
What a one-pip move is worth on this position, converted into your account currency. It is the number that turns a chart distance into a dollar amount.
Spread cost
What you pay to open, expressed in the same currency as the P&L. A position starts this far underwater, which is why it matters most on short-horizon strategies.
Ready to trade
Put the calculation to work on a live account.