Step 1 - Select your instrument
Choose the currency pair or instrument you wish to trade from the dropdown menu.
Pip Calculator - Know Your Pip Value Before You Trade
Understanding the monetary value of each pip is essential for managing position sizes and controlling risk. Use our free Pip Calculator to instantly calculate pip values across any instrument, lot size, and account currency - in seconds.
What is a PIP?
A pip - short for 'Percentage in Point' - is the smallest standardized price movement in a financial instrument. For most forex currency pairs, a pip is the fourth decimal place (0.0001). For JPY pairs, a pip is the second decimal place (0.01).
Knowing the pip value of your trade tells you exactly how much money you gain or lose for every pip the market moves in your favour or against you. This is a fundamental input for position sizing and risk management - helping you make more informed decisions about position sizing based on your individual trading strategy and risk tolerance.
How to Use the Pip Calculator?
Step 2 - Enter your lot size
Input the number of lots you plan to trade - standard (1.0), mini (0.1), or micro (0.01).
Step 3 - Select your account currency
Choose the base currency of your MH Markets Financial Services trading account.
Step 4 - Click Calculate
The calculator will instantly display the pip value per lot and the total pip value for your entered position size.
Pip Calculator
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Frequently Asked Questions
Yes. Pip value fluctuates with exchange rates - particularly for pairs where your account currency is not the quote currency. The Pip Calculator uses live rates to ensure the value shown is accurate at the time of calculation.
Yes. Pip value scales directly with lot size - a standard lot (1.0) has ten times the pip value of a mini lot (0.1), and one hundred times the pip value of a micro lot (0.01).
Gold is quoted differently from currency pairs, so its pip value depends on the contract specification and current price. Enter XAU/USD into the calculator to get the exact pip value for your position size.
Yes. The Pip Calculator supports Forex, Indices, Commodities, Metals, Stocks, and Futures - simply select your instrument from the dropdown to get an accurate value.
