The cost of 1 point for every financial instrument is calculated
according to the following formula:
<Cost of 1 point> = (Contract * (Price + One_Point)) -
(Contract * Price)
where:
Contract – the contract
size.
Price – the current quote of the
asset.
One_Point – the size of 1 point.
Example:
We need to calculate the cost of 1 point for a position in EURGBP.
Position type: long (Buy).
Position volume: 1 lot (100,000 units of the base currency).
Current price: 0.8365.
Account currency: USD.
<Cost of 1 point> = (100,000 * (0.8365 + 0.0001)) - (100,000 *
0.8365) = 10.00 GBP
Due to the difference between the account currency and the asset base
currency, you have to convert this number into USD. To do this,
multiply it by the current rate of GBPUSD.
10.00 GBP * 1.5417 = 15.47 USD
You can calculate the cost of 1 point for positions in any instrument
by using the Trading Calculator tool.
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