Trader Toolkit · Calculator

Break-even

How far the price must move before spread, commission and swap are covered.

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Spread and fee and nights to pay:so far the price must go your way.

One position and its costs

Result

Instrument

1 standard lot = 100,000 EUR

Position size

Account currency

Spread

A placeholder: type the spread you see. Published minimums: Classic from 2.5 pips, Premium from 1.5 pips, ECN from 0.2 pips.

Commission per lot

Empty = left out of the result. Type 0 if your account charges none. Published: Classic: none; Premium: none; ECN: $3.50 per lot, per side.

Commission charged

Nights held

Zero for a trade closed the same day.

Swap per lot, per night

Not published by GIO4X. Empty = left out of the result when nights are held. Take the rate from your platform; negative = a credit.

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The price must move at least

1pips

in the position’s favour, before the trade has earned anything: 0.0001 in priceIncomplete: excludes commission: not entered.

Cost to cover, incomplete

10.00 USD

on 1 lot of EUR/USD, held 0 nights; excludes commission: not entered

Spread, as a distance: 1 pips (10.00 USD)
Commission, as a distance: Not entered · not in the result
Swap, as a distance: 0 pips (0.00 USD)
Value of one pip on this position: 10.00 USD

What GIO4X publishes about these costs

The spread, commission and overnight swap lines of each account type, as published. A “spread from” figure is a minimum, and the swap rates themselves are not yet published, which is why this page asks for yours.

Classic account: Spread from 2.5 pips · commission: none · swap: applies
Premium account: Spread from 1.5 pips · commission: none · swap: applies
ECN account: Spread from 0.2 pips · commission: $3.50 per lot, per side · swap: swap-free

SimulationA calculation on the figures you entered. The costs are the ones you typed: this is not a quote of GIO4X’s spread, commission or swap. Educational information, not investment advice or a recommendation to trade.

How it works

Formula

move in pips = spread + (commission per lot × sides + swap per lot per night × nights) ÷ pip value per lot

With your numbers

1Value of one pip on one lot of EUR/USD0.0001 × 100,000 = 10.00 USD
2Spread cost (spread × pip value × lots)1 × 10.00 × 1 = 10.00 USD
3CommissionNot entered: left out, not counted as zero.
4SwapNo nights held: 0.00 USD
5Cost to cover (excludes commission: not entered)10.00 + 0.00 = 10.00 USD
6The move that covers it (cost ÷ (pip value × lots))10.00 ÷ (10.00 × 1) = 1 pips
7The same move as a difference in price1 × 0.0001 = 0.0001

Assumptions

No GIO4X cost is prefilled. The spread starts at a placeholder of 1 so that the working is visible. Commission and swap start empty, and an empty field is not a zero: the cost is left out of the distance and named beside the result until you type the figure your own platform shows.
The published “spread from” figures are minimums, not typical spreads. Real spreads are wider and change by instrument and by the minute, so a break-even built from a minimum is nearer than the real one.
Commission and swap are amounts of money per lot in the account currency. Here a positive swap is a charge and a negative swap a credit, as in the Cost Lab and the Swap tool.
The distance does not depend on the size of the position: the lots cancel. Only the amount of money to cover grows with the size.
The move is measured from the moment the position is opened. A buy opens at the ask and is valued at the bid, so the spread is the first part of the distance; for a sell it is the same in mirror image.
Slippage is left out: an order filled at a worse price than requested starts further from break-even than this.

Terms used

In plain language

A trade starts behind. This is how far.

A position opens at one price and is valued at another, so it begins with a small loss equal to the spread. Commission, where an account charges it, adds a fixed amount, and each night the position stays open adds or subtracts the swap. Break-even is the point at which the price has moved far enough in the position’s favour to cover all three.

The page turns each cost into a distance by dividing it by the value of one pip on the position. The size cancels out: twice the lots means twice the cost and twice the value of each pip, so the distance is the same. What changes it is the spread actually quoted, the commission, and how long the position is held.

No cost of GIO4X’s is filled in. The published “spread from” figures are minimums and the swap rates are not yet published, so the fields take the figures your own platform shows; what the account types publish is quoted beside them, as published.

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Fetching the page

How it works

Formula

move in pips = spread + (commission per lot × sides + swap per lot per night × nights) ÷ pip value per lot

With your numbers

1Value of one pip on one lot of EUR/USD0.0001 × 100,000 = 10.00 USD

2Spread cost (spread × pip value × lots)1 × 10.00 × 1 = 10.00 USD

3CommissionNot entered: left out, not counted as zero.

4SwapNo nights held: 0.00 USD

5Cost to cover (excludes commission: not entered)10.00 + 0.00 = 10.00 USD

6The move that covers it (cost ÷ (pip value × lots))10.00 ÷ (10.00 × 1) = 1 pips

7The same move as a difference in price1 × 0.0001 = 0.0001

Assumptions

No GIO4X cost is prefilled. The spread starts at a placeholder of 1 so that the working is visible. Commission and swap start empty, and an empty field is not a zero: the cost is left out of the distance and named beside the result until you type the figure your own platform shows.

The published “spread from” figures are minimums, not typical spreads. Real spreads are wider and change by instrument and by the minute, so a break-even built from a minimum is nearer than the real one.

Commission and swap are amounts of money per lot in the account currency. Here a positive swap is a charge and a negative swap a credit, as in the Cost Lab and the Swap tool.

The distance does not depend on the size of the position: the lots cancel. Only the amount of money to cover grows with the size.

The move is measured from the moment the position is opened. A buy opens at the ask and is valued at the bid, so the spread is the first part of the distance; for a sell it is the same in mirror image.

Slippage is left out: an order filled at a worse price than requested starts further from break-even than this.

Terms used