CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Trade only with money you can afford to lose.
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FxPro Margin & Pip Calculator

FxPro provides trading calculators so you can work out margin, pip value and potential profit or loss before placing a trade.

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Min deposit $100  ·  Up to 1:200  ·  Rating 4.6/5

Leverage is the only input in a margin calculation that belongs to your account rather than to the trade. Change the instrument, the size or the price and you are pricing a different position; change the leverage and you are pricing the same position under a different reservation. Exactly one output moves, and it moves inversely and exactly: the same lot reserves 3.33% of its notional at 1:30, 1% at 1:100 and 0.5% at 1:200. The notional itself, the pip value, the spread cost and the commission of $3.50 per lot per side are untouched, because none of them has a leverage term anywhere in it.

Measured contract values for your calculations

Read live from FxPro’s MT5 Raw+ feed — the contract size, tick value, lot limits and average daily range behind any margin, pip-value, stop-size or profit calculation:

InstrumentContract sizeTick value (USD)Min lotMax lotAvg daily range
EUR/USD100,000$1.000.0150040.5 pips
GBP/USD100,000$1.000.0150052.4 pips
AUD/USD100,000$1.000.0150040.7 pips
USD/CAD100,000$0.720.0150052.6 pips
USD/JPY100,000$0.630.0150084 pips
XAU/USD (Gold)100$1.000.015009718 pips

Tick value is the cash change per minimum price move, per standard lot; the 14-day average daily range helps you size stops and targets. Account stop-out levels (measured): margin call at 10%, stop-out at 0% — confirm the live values in your terminal.

Work out your margin

Position value
Required margin

Margin = position size ÷ leverage. Approximate, for USD-quoted forex pairs (1 standard lot = 100,000 units); margin is shown in USD and varies with the live price. Your exact margin appears in your FxPro platform.

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Plan before you trade

Use the calculators alongside our spreads and swap rates pages to estimate your total trading costs.

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Run the same ticket twice and watch which cell moves

Keep the instrument, the lot count and the price fixed and change nothing but the leverage figure. One output moves and the rest do not. That check takes a few seconds and settles most of the arguments people have about what leverage does, because it separates the cell that responds from the cells that were never listening.

The reason is the order the arithmetic runs in. The notional comes first and is contract size times lots - 100,000 units per standard lot on an FX major - with no reference to any account setting. Leverage is applied last, as a divisor. A divisor applied at the end cannot reach back into the figures it was applied to, which is why the pip value and the cost lines come out identical on both runs.

The margin a higher setting frees is not money saved

The gap between two margin figures is easy to read as a saving. Nothing was saved. The same number of contract units is exposed at both settings, and a move of a given size moves the result by the same cash amount at both. What the higher setting produced is unallocated balance - room the account did not have to commit, not cost the trade did not incur.

That is also the boundary of what a calculator can answer. Whether the position can be opened is arithmetic and takes a second. Whether it should be held at that size has nothing to do with the leverage field: it depends on how far the instrument usually travels and on what a move of that distance does to the account, and both of those are identical at every setting.

Where the setting lives, and where it does not

An order ticket has no leverage box. You type a volume, and the reservation is computed from the setting attached to the account behind it. This is why a calculation is only ever valid for the account it was run for, and why two people can enter identical instrument, size and price and correctly get different margin figures without either of them having made a mistake.

The setting does not travel with the pricing model either. Standard and Raw+ package the entry cost differently and both accept the same leverage figures, so a margin result tells you nothing about which account type you hold, and an account type tells you nothing about the reservation. They are two independent choices that happen to meet in the same ticket.

The same ticket at three leverage settings

LeverageMargin as a share of notionalLots the same free balance can reserveSpread cost and commission per lot
1:303.33%baselineunchanged
1:1001.00%about 3.3 times the baselineunchanged
1:2000.50%about 6.7 times the baselineunchanged

The shares of notional follow from the leverage figure alone. The last column reads the same on every row because the cost figures on this site are quoted per lot and carry no leverage term.

Frequently asked questions

Which figure actually changes when I change the leverage in a margin calculation?
Only the margin. The notional, the pip value, the spread cost and the commission are all computed from the contract and the size, so they come out identical. The margin is the notional divided by the leverage, so it is the single output that responds.
Does the pip value change if I raise my leverage?
No. Pip value is a property of the instrument and the size, fixed by the contract behind a lot - 100,000 units on an FX major. It is the same at every leverage setting, which is why the profit and loss on a given move is too.
Why does the margin figure halve when the leverage setting is doubled?
Because leverage enters the calculation as a divisor applied to the notional. At 1:100 a lot reserves 1% of its notional and at 1:200 it reserves 0.5%, an exact inverse relationship with nothing else in the sum.
Does a lower margin figure mean the position risks less?
No. The same number of contract units is exposed either way, so a move of a given size produces the same cash result. A lower reservation means less of the balance is committed to holding the position, not less exposure to what the position does.
Does the order ticket have a leverage field?
No. You enter a volume and the reservation is worked out from the setting on the account behind the ticket. That is why a margin calculation is valid only for the account it was run for.
Does the Raw+ commission depend on the leverage I use?
No. It is $3.50 per lot per side, $7.00 for a round turn, at every setting. Account type and leverage are two separate choices: one prices the entry, the other prices the reservation.
How much margin does one standard lot reserve at 1:200?
0.5% of its notional, since the reservation is the notional divided by the leverage. At 1:100 the same lot reserves 1% and at 1:30 it reserves 3.33%, and the trade itself is unchanged across all three.

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