Below are the spreads during normal market conditions. The spreads that are offered to customers during significant foreign exchange market events, such events including but not limited to the release of non-farm payroll data, may vary from the spreads identified below and reflect the volatility that is occuring in the interbank market due to such events.

 

Forex Symbol	Currency Pairs	Spreads
EUR/USD	Euro / U.S. Dollar	3 pips
USD/JPY	U.S. Dollar / Japanese Yen	3 pips
GBP/USD	British Pound / U.S. Dollar	4 pips
USD/CHF	U.S. Dollar / Swiss Franc	5 pips
USD/CAD	U.S. Dollar / Canadian Dollar	5 pips
AUD/USD	Australian Dollar / U.S. Dollar	5 pips
EUR/GBP	Euro / British Pound	5 pips
EUR/JPY	Euro / Japanese Yen	5 pips
EUR/CHF	Euro / Swiss Franc	5 pips
GBP/JPY	British Pound / Japanese Yen	10 pips

What is a Pip (or point)?

The term used in currency market to represent the smallest incremental move an exchange rate can make. Depending on context normally one basis point (0.0001 in the case of EUR/USD, GBP/USD, USD/CHF and 0.01 in the case of USD/JPY).

How to Calculate Profit/Loss

The equation for EUR/USD, GBP/USD, and AUD/USD is as follows:

P/L = (Opening Rate - Closing Rate) x Lot Size x Number of Lots

The equation for USD/JPY, USD/CHF and USD/CAD is as follows:

P/L = (Opening Rate - Closing Rate) / Closing Rate x Lot Size x Number of Lots

For standard account, 1 pip results $10 profit/loss in EUR/USD and GBP/USD, approximately $9 in USD/JPY, $8 in USD/CHF.

For mini account, 1 pip result $1 profit/loss in EUR/USD and GBP/USD, approximately $0.9 in USD/JPY, $0.8 in USD/CHF.