One Contract Size, Two Answers: Margin and Pip Value · Indonesia
FxPro provides trading calculators so you can work out margin, pip value and potential profit or loss before placing a trade.
Open FxPro Account →One contract size feeds two different sums on this page, and confusing them is the usual reason a position turns out larger than intended. Margin is position value divided by leverage — at 1:200 that is 0.5% of the position — and it is collateral held in your balance currency, not a cost. Pip value is the other sum: contract size times the size of one pip, born in the currency the pair is quoted in, and it is what converts a stop distance in pips into an amount of money. FxPro's margin, pip, profit/loss and swap calculators run both before the order is placed, free inside the platforms. The order that works is pip value first, because it decides the volume, and margin second, because it only tells you whether the balance can carry that volume.
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:
| Instrument | Contract size | Tick value (USD) | Min lot | Max lot | Avg daily range |
|---|---|---|---|---|---|
| EUR/USD | 100,000 | $1.00 | 0.01 | 500 | 53.4 pips |
| GBP/USD | 100,000 | $1.00 | 0.01 | 500 | 65 pips |
| AUD/USD | 100,000 | $1.00 | 0.01 | 500 | 45.1 pips |
| USD/CAD | 100,000 | $0.72 | 0.01 | 500 | 56 pips |
| USD/JPY | 100,000 | $0.63 | 0.01 | 500 | 155.1 pips |
| XAU/USD (Gold) | 100 | $1.00 | 0.01 | 500 | 9410.9 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
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.
FxPro trading calculators
- Margin calculator — how much margin a position requires
- Pip calculator — the value of a pip in your account currency
- Profit/loss and swap calculators for trade planning
- Available inside the FxPro platforms
Plan before you trade
Use the calculators alongside our spreads and swap rates pages to estimate your total trading costs.
Open FxPro Account →Two sums out of one contract size
The number 100,000 does two unrelated jobs on an FX major. Multiplied by the price and divided by the leverage it gives the margin — the collateral the account has to set aside, denominated in the balance currency. Multiplied by 0.0001 it gives the pip value — the money one pip of movement is worth, denominated in the quote currency.
They answer different questions. Margin answers whether the position can be opened at all; pip value answers what the position does to the balance once it moves. A trader who sizes on margin alone ends up with whatever risk the leverage happened to allow, which is not a decision so much as a leftover.
Sizing from money per pip rather than from lots
Working backwards is more reliable than working forwards. Decide the amount of money a stop is allowed to cost, divide it by the pip distance to that stop, and you have the money per pip the position may carry. Divide that by the pip value of one lot and you have the volume, rounded down to the 0.01-lot step the platform accepts.
Done in that order the volume is an output rather than a guess, and the leverage setting stops being part of the risk decision — it only decides whether the balance has room for the position the arithmetic asked for.
Three currencies can appear in one ticket
A single FX position touches three currency slots. The base currency defines what one lot controls, the quote currency is where the pip value and the profit are born, and the balance currency is where the result finally lands. When two of the three coincide — a dollar-quoted pair on a dollar balance — the arithmetic looks like one step and the pip value is a constant.
When they do not coincide, nothing about the method changes: the last step is a conversion at the live rate, applied by the platform to a figure that was already correct in the quote currency. It is worth knowing which slot each intermediate number belongs to, because a figure copied from the wrong slot is wrong by a whole exchange rate rather than by a rounding error.