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Forex Spread Cost Calculator

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NKD DIGITAL SOLUTIONS
Read: What Is a Forex Spread?
Trading & Markets · Growth Lab

Forex Spread Cost Calculator

Estimate what a spread costs per trade, per day, and per month. Compare two accounts to understand how spreads and commissions can affect your trading costs.

This tool runs in your browser. It does not save or send your inputs.

BID · SELL PRICE
1.08480
2.0 pips
ASK · BUY PRICE
1.08500

The bid is the price at which you can sell; the ask is the price at which you can buy. The difference is the spread. Sample prices above are illustrative, not live market quotes.

Your trade

Enter your broker's figures to estimate your costs.

A standard forex lot is commonly 100,000 units of the base currency. Contract sizes can vary by instrument and broker.

Include both opening and closing commissions. If your broker quotes commission per side, add both sides together.
For EUR/USD, the quote currency is USD, so the conversion rate is 1. For other pairs, use the current quote-currency to USD exchange rate for a more accurate estimate.

What it costs

Estimates update automatically when you change an input.

Estimated total cost per trade
$2.00

Price needs to move about 2.0 pips in your favor to cover the estimated spread and commission.

Spread cost / trade $2.00
Commission / trade $0.00
Estimated daily cost $10.00
Estimated monthly cost $200.00

How this calculator works

1. Spread in pips: The ask minus the bid, divided by the pair's pip size. The pip size is usually 0.0001 for pairs without JPY and 0.01 for pairs with JPY.

2. Pip value: For a standard 100,000-unit lot, the pip value in the quote currency is the pip size multiplied by 100,000. It is then converted to USD using the conversion rate you enter. This is an estimate and does not account for broker contract differences.

3. Spread cost: Spread in pips × pip value per lot in USD × lot size.

4. Commission: Round-trip commission per standard lot × lot size.

5. Estimated break-even movement: Spread in pips plus commission divided by the pip value for your position. This estimates the price movement needed to cover these costs before other expenses.

6. Daily and monthly cost: Estimated cost per trade × trades per day × trading days. This assumes each entered trade incurs the spread and commission once, with commission covering both opening and closing.

What this calculator leaves out

  • Overnight financing or swap charges.
  • Slippage and execution differences.
  • Deposit, withdrawal, inactivity, and conversion fees.
  • Taxes and other broker-specific charges.
  • Spreads that widen during news events or periods of low liquidity.

Actual costs depend on your broker, instrument, execution, position size, and market conditions. The conversion rate is manually entered and is not updated live.

Educational tool only. This calculator is not financial, investment, tax, or legal advice. It does not recommend a broker, product, or trade. Sample values are illustrative, not live market prices. Forex and leveraged trading carry significant risk, and you could lose some or all of your money. Verify a broker's authorization with the relevant financial regulator in your country before depositing funds.

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