Pip calculator
Calculate the pip differences across all financial trading instruments with our free pip calculator. Estimate your trade's potential profit or loss before you enter positions.
How to calculate pip values
Calculate how much each pip equals in dollar terms for your position size and trading instrument.
Formula
Pip value USD: Pip size* x Lots x Contract size x QTE/USD*
*QTE/USD is the conversion rate from the quote currency (QTE), referred to as the "Profit Currency" in MT5, to USD.
Example
You are trading 0.25 lots of EUR/GBP, with a GBP to USD conversion rate of 1.31386.
The calculation would be:
This means that for every pip movement of EUR/GBP, your profit or loss (PnL) will change by USD 3.28.
Note: These values are approximate and may vary based on the leverage set for your account and the specific asset being traded.
How to use the Deriv pip calculator
1
Select trading instrument
Choose your trading instrument, from Forex, Stocks, Commodities, Crypto, and more.
2
Enter position size
Input your trading volume in lots. You can also edit the asset price to tailor the calculation to your trading strategy.
3
View results
See pip value for your selected trading instrument.
Why use Deriv’s pip calculator
The pip calculator helps you understand how pip movement affects your trade size, risk level, and potential profit.
Protect your capital
Know how much each pip is worth so you can size your trades according to your strategy.
Set better risk levels
Use pip values to place stop-loss and take-profit points that match your risk tolerance.
Track potential profit
Calculate how much you stand to gain or lose from a trade based on pip movement.
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