Frequently asked questions
How much is one lot worth in dollars?
One standard lot is 100,000 units of the base currency, so its dollar value depends on the price. On EUR/USD at 1.10, one standard lot has a position value of about $110,000, moves roughly $10 per pip, and needs about $1,100 of margin at 1:100 leverage. A mini lot (0.1) is a tenth of those numbers and a micro lot (0.01) a hundredth.
How do I convert lot size to a dollar amount?
Multiply the lot size by the contract size to get units, then multiply units by the current price to get the position (notional) value in the quote currency. For example, 0.5 lots of EUR/USD is 50,000 units, and at 1.10 that's a position value of about $55,000. This calculator also shows the value per pip and the margin required.
What's the difference between position value and margin?
Position value (or notional value) is the full size of the trade you control in the market. Margin is the much smaller deposit you actually put up to open it, because leverage does the rest. At 1:100, a $110,000 position only needs about $1,100 of margin. Your profit and loss is calculated on the position value, so it's the number that really matters for risk.
What is the value of one pip per lot?
On most USD-quoted forex pairs, one pip is worth about $10 per standard lot, $1 per mini lot and $0.10 per micro lot. It differs for pairs where the US dollar isn't the quote currency, and for gold, oil and indices, which is why this calculator works it out per instrument for you.
Does it work for gold, indices and oil?
Yes. As well as forex majors and crosses it covers gold (XAU/USD), silver (XAG/USD), WTI and Brent oil, and major indices such as the Dow, Nasdaq, S&P 500, DAX and FTSE. Contract sizes differ by instrument, so confirm the specs with your broker.
Is this lot value calculator free?
Yes. Every tool on Pips Perspective is completely free to use. Results are estimates for education only and are not financial advice.