Forex Trading Cost Calculator

Cost per lot = spread in pips × pip value + round-turn commission; monthly cost = cost per lot × lots a day × 22 trading days. A 1.2-pip EUR/USD spread with no commission costs $12 per lot.

Every lot you trade costs you the spread, plus a commission on Raw and ECN accounts. Pick a broker, account type and instrument, enter how many lots you trade a day, and the calculator shows your cost per lot, per month and per year.

1. Forex broker

2. Account type

3. Currency pair / instrument

1 lot = 100,000 EUR, $10 per pip

4. Lots per day

Your average spread (pips)

Example value. Use your platform's average.

Commission per lot, round turn ($)

From the broker's account page.

Monthly Cost ($)$528

Yearly Cost ($)$6,336

Spread cost per lot: $12.00
+ Commission per lot: $0.00
= Cost per lot: $12.00
44 lots a month (22 trading days): $528

Swaps are not included: they vary by instrument, direction and broker. Compare Standard and Raw/ECN accounts at your own volume to see which one costs less.

Visit Exness

Affiliate link to the broker's official site.

Standard or Raw: which Exness account is cheaper for you?

Uses your lots per day (2) and EUR/USD. Enter the average spreads you see on each account.

Standard spread (pips)

Raw Spread spread (pips) + $7.00 commission

Raw Spread is cheaper: $9.00 vs $12.00 per lot, about $132 a month less at 2 lots a day.

Break-even: Raw Spread wins when the Standard spread is wider by more than 0.7 pips. Example spreads, not live quotes; swaps not included.

Open Exness Raw Spread account

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New to Exness?

Compare the account costs, then open the one that fits

Standard: spread from 0.2 pips, no commission
Raw Spread: spread from 0.0 pips + $7.00 commission per lot round turn

Open Exness account Compare all 5 brokers

Affiliate link: the broker pays us a commission. We do not pay rebates or cashback. Published figures; your spread varies with the market.

Already trading on Exness?

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If our free calculators help you, you can register under our partner code. Exness pays us from its own revenue; you get no rebate from us. Ask Exness support to confirm your account conditions before and after any partner change.

How to change partner on Exness

Trading cost formula

Spread cost per lot = Spread (pips) × Pip value per lot

Cost per lot = Spread cost + Commission (round turn)

Monthly cost = Cost per lot × Lots per day × 22 trading days

Yearly cost = Monthly cost × 12

A Standard account has no commission but a wider spread; a Raw or ECN account has a spread from 0.0 pips plus a commission per lot. The cheaper one depends on the spread you actually get, so enter your platform's average.

Swaps are not included: they vary by instrument, direction and broker. Commissions for each broker, with sources, are in the forex commission comparison.

Worked examples

Exness Raw Spread, EUR/USD, 2 lots a day

Spread 0.2 pips × $10 = $2.00
Cost per lot = $2.00 + $7.00 commission = $9.00
Lots a month = 2 × 22 = 44
Monthly cost = 44 × $9.00 = $396.00

About $396.00 a month, $4752.00 a year.

Markets4you Pro, EUR/USD, 5 lots a day

Spread 0.2 pips × $10 = $2.00
Cost per lot = $2.00 + $7.00 commission = $9.00
Lots a month = 5 × 22 = 110
Monthly cost = 110 × $9.00 = $990.00

About $990.00 a month, $11880.00 a year.

IC Markets Raw Spread (MetaTrader), EUR/USD, 1 lot a day

Spread 0.2 pips × $10 = $2.00
Cost per lot = $2.00 + $7.00 commission = $9.00
Lots a month = 1 × 22 = 22
Monthly cost = 22 × $9.00 = $198.00

About $198.00 a month, $2376.00 a year.

Spreads are the illustrative values we use for every broker, not live quotes. Commissions are the brokers' published figures.

Frequently asked questions

How do I calculate my forex trading cost?

Multiply the spread in pips by the pip value per lot, add the round-turn commission, then multiply by the lots you trade. Example: Exness Raw Spread, EUR/USD, 2 lots a day: Cost per lot = $2.00 + $7.00 commission = $9.00; Monthly cost = 44 × $9.00 = $396.00.

Standard or Raw account: which is cheaper?

A commission of $7.00 per round-turn lot equals 0.7 pips on EUR/USD ($10 per pip), so the Raw account is cheaper only when its spread is more than 0.7 pips tighter than the Standard spread at the same time.

Are costs charged on losing trades?

Yes. Spread and commission are paid on every lot, win or lose, so trading more always costs more.

How many trading days are in a month?

The calculator uses 22 trading days a month (5 days a week). If you trade fewer days, enter your average lots per day over the whole month instead.

Trading from India or Nigeria? Check the rules first

India

Exness, XM, Vantage Markets, IC Markets and Forex4you are named on the Reserve Bank of India's Alert List of entities not authorised to deal in forex or to operate electronic trading platforms (ETPs) for forex transactions (Alert List updated as on November 19, 2025). Source: Reserve Bank of India: Alert List (updated as on November 19, 2025); Outlook Money: RBI's updated Alert List
Markets4you is the new name of Forex4you (rebrand reported in 2024). The RBI Alert List names Forex4you (forex4you.com); it does not list the name Markets4you. Source: Reserve Bank of India: Alert List (updated as on November 19, 2025); Finance Magnates: Forex4you becomes Markets4you
Under FEMA, resident persons may undertake forex transactions only with authorised persons and for permitted purposes; electronic forex transactions must be undertaken only on ETPs authorised by the RBI or on recognised stock exchanges (NSE, BSE, MSE). Residents who trade forex on unauthorised ETPs are liable to penal action under FEMA. Source: Reserve Bank of India: FAQs on unauthorised forex trading platforms
The RBI says the Alert List is not exhaustive: an entity that is not on it should not be assumed to be authorised by the RBI. Source: Reserve Bank of India: FAQs on unauthorised forex trading platforms

Nigeria

The Securities and Exchange Commission (SEC) Nigeria says that under the Investments and Securities Act (ISA) 2025 it is an offence to operate an online foreign exchange (forex) trading platform in Nigeria without SEC registration. Source: FinancialEDGE: SEC warns unregistered digital and forex trading platforms now a crime under ISA 2025; Gazette Nigeria: ISA 2025 bans unregistered digital asset exchanges, online forex platforms

The calculators only do arithmetic; they do not mean any broker is available, licensed or legal where you live.