Formula
| Item | Expression |
|---|---|
| Profit or loss from the price move | Price move (pips) × value of 1 pip × lots |
| Cost | Spread (pips) × value of 1 pip × lots + round-turn commission (USD) × USD/JPY × lots |
| Net profit or loss | Profit or loss from the price move − cost + cashback (USD) × USD/JPY × lots |
The value of 1 pip is calculated as 1,000 yen per lot for yen crosses and 10 USD per lot for USD pairs.
Profit and loss are not decided by the price move alone
Even if you capture 10 pips on the chart, your net result shrinks after subtracting a 1.2-pip spread and commission. Conversely, even a losing trade earns cashback, so your effective loss is smaller.
This tool calculates the amount you actually keep from one trade as "price move − cost + cashback".
When cashback makes a difference
Cashback is determined by trading volume regardless of whether you win or lose. The more you trade, the larger the monthly total.
- A winning trade of 10 pips: your net result rises by the amount the cost is reduced
- A losing trade of 10 pips: your loss shrinks by the cashback amount
- If the round-turn volume is the same, the amount returned is the same for either trade
Points to note
Swap (the interest adjustment for holding overnight) is not included. Confirmed cashback values will be published on each broker page at launch.