What this tool does
The spread is the gap between the bid and ask price — a cost you pay on every trade the moment you open it. This calculator converts a spread quoted in pips into real money based on your position size and pip value, so you can compare brokers and avoid overtrading on high-spread pairs.
How to use it
- Enter the spread in pips (e.g. 1.5).
- Enter your pip value per lot in your account currency.
- Enter your position size in lots.
- Read the cost per trade — that is your broker's cut before the market even moves.