The spread is a real cost on every trade. Enter the spread in pips, your lot size and the pip value to see exactly what it costs you in dollars.
Works with any broker and platform, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, NinjaTrader, TradingView, DXtrade and Match-Trader.
When you open a trade you buy at the ask and could sell at the bid, and the gap between them is the spread. You pay it the moment you enter, so it is a cost on every single trade. Tighter spreads mean lower costs, which is why active traders compare them closely.
Spread cost equals the spread in pips times the pip value per lot times your lot size. On EUR/USD at $10 per pip, a 0.8 pip spread on 1 lot costs $8 per trade. Over many trades this adds up, so compare typical spreads on our broker directory to keep costs down.
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Start free trialMultiply the spread in pips by the pip value per lot and your lot size. A 0.8 pip spread on 1 standard lot of EUR/USD at $10 per pip costs $8 per trade.
Lower spreads reduce your cost per trade, but some brokers offer near-zero raw spreads and charge a separate commission instead. Compare the all-in cost, spread plus commission, not just the headline spread.
Our broker directory lists typical EUR/USD spreads for every broker and lets you sort by the lowest spread, so you can find the cheapest option for how you trade.
Find the exact lot size for your risk on any trade.
See what each pip is worth in your account currency.
Calculate the profit or loss of a trade before you take it.
Work out the margin required to open a position.
