How many pips do I need before this forex trade is breakeven?
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Fill in the fields on the left and click Calculate to see how many pips of favorable movement this trade needs before it's breakeven.
How this is calculated
Breakeven pips equal the spread in pips plus the commission converted into pips, since both are costs the trade has to overcome before it shows an actual profit.
Pip value uses the same convention as our pip value calculator: pip size times units directly when USD is the quote currency, or pip size times units divided by the exchange rate when USD is the base currency. Pip size is 0.0001 for most pairs and 0.01 for JPY-quoted pairs.
Commission in pips equals the round-turn commission in dollars divided by the pip value, since a flat dollar commission is worth a different number of pips depending on position size and pair.
This is the all-in cost of entering and exiting the trade at the quoted spread and commission. It does not include slippage on a market order or any swap/rollover fee if the position is held overnight, use the slippage and swap cost calculators alongside this one for the full picture.
Risk & liability disclaimer: This calculator produces a mathematical estimate based on the numbers you enter, not live market data or your actual broker's quoted spread and commission. Spreads move continuously and can widen around news events or low-liquidity periods; actual costs vary by broker, account type, and market conditions. This is not financial advice and does not guarantee any trading outcome. Trading Habits is not a broker-dealer, registered investment adviser, or tax professional, and is not affiliated with any broker, exchange, or data provider. Forex trading involves substantial risk of loss and is not suitable for everyone. You could lose some or all of the capital you trade with.
Know the Real Cost Before You Enter
More Trading Tools
Breakeven pips fold the spread and commission into one number. These tools break each cost out on its own.