Forex calculator
Estimate position size, pip value, profit and loss, and margin. You enter the price — this tool does not use a live quote.
How the numbers are calculated
Position size
Money at risk is your balance times the risk percent. Divide that amount by the stop distance in pips and by the value of one pip to get the lot size.
Pip value
Contract size and pip size follow xChief contract specifications. A standard FX lot is 100,000 units of the base currency. One pip is 0.0001, or 0.01 when the quote currency is Japanese yen. Gold is 100 troy ounces per lot with a 0.01 pip. Silver is 5,000 troy ounces per lot with a 0.001 pip. The result is converted into your account currency.
Profit, loss, and margin
Profit uses the gap between entry and exit. Margin is the position value divided by leverage, then converted into your account currency. Maximum leverage follows xChief equity bands: under $3,000 it is 1:1000 for FX and 1:500 for metals, and it steps down as equity rises, to 1:40 for FX and 1:25 for metals at $100,000 or more.
These figures are educational estimates based on xChief contract size, pip size, and the equity-based leverage schedule. They leave out spread, commission, and swap, and they use the price you enter. Equity bands are in US dollars.