It is important to have enough funds to successfully open an order. Here’s what you need to do before calculating your order:

1. Transaction contract balance requirements

Trading contract balance is the funds held by the broker in account currency to open an order and to maintain the opened order.

For many instruments, the contract balance is calculated according to the established leverage, and for other instruments, a fixed contract balance requirement applies.

Trading contract balance = (number of lots x contract size) / leverage

You can calculate your trading contract balance by entering all of your order details in the trader’s calculator.

You can learn more about using the Trader Calculator here.

Go to EXNESS Official Website

2. Spread the cost

We charge a broker fee, a spread, on every order you open.

Spread Cost = Spread (Pip) x Pip Value

You can check the real-time spread in the trading terminal program or check the average spread list in the detailed contract details on the website.

Use the Trader Calculator to calculate the pip value.

Use the Trader Calculator of EXNESS

Let’s take an example.

Example 1:

Let’s say you trade 5 lots of EURUSD on a Pro account with a leverage of 1:2000.

Transaction contract balance = (5 x 100000) / 2000

= EUR 250

= 283.72 USD (conversion rate 1.13489 applied)

The average spread of EURUSD on the website is 0.6 pips.

Orders calculated with https://www.exness.com/en/calculator/ have a pip value of 50 USD.

Spread cost = 0.6 x 50

= 30 USD

Total Funds Needed = $313.72

Therefore, the minimum amount required to open an order is 313.72 USD, which may be larger depending on the current spread.

Example 2:

Let’s say you trade 0.3 lots of XPDUSDm on a standard account with a 1% balance on a fixed trading contract.

Transaction contract balance = 0.3 x 100 x 1%

= 0.3 XPD

= 689.23 USD (2297.43 conversion rate applied)

The average spread of XPDUSD on the website is 296.1 pips.

Orders calculated with https://www.exness.com/en/calculator/ have a pip value of 30 USD.

Spread Cost = 296.1 x 30

= 888.3 USD

Total Funds Needed = $1577.53

Therefore, the minimum amount required to open an order is 1577.53 USD, which may be larger depending on the current spread.

Go to EXNESS Official Website