Breakeven Calculator
Calculate the exact price you need to reach to break even after commissions, swap, and spread
1 standard lot = 100,000 units
Typical spread in pips for the selected pair
Total round-trip commission for the trade
Accumulated swap fees (enter 0 for intraday trades)
The breakeven price is the exact price level your trade must reach before you start making a net profit. It accounts for all trading costs including spread, commissions, and swap fees.
Why It Matters:
- • Every trade starts at a loss due to spread and commissions
- • Swing trades accumulate swap fees overnight
- • Knowing your breakeven helps set realistic take-profit targets
For example, buying EUR/USD at 1.08500 with 1.5 pips spread and $7 commission means your breakeven is approximately 1.08520 — you need a 2.2 pip move just to cover costs.
Formula:
Total Costs = Spread Cost + Commission + |Swap|
Pips Needed = Total Costs / Pip Value
Breakeven = Entry ± (Pips Needed × Pip Size)
Example (Buy EUR/USD):
- • Entry: 1.08500, 1 lot, Spread: 1.5 pips
- • Spread cost: 1.5 pips x $10 = $15.00
- • Commission: $7.00, Swap: $2.30
- • Total costs: $24.30
- • Pips needed: $24.30 / $10 = 2.43 pips
- • Breakeven: 1.08524
- Trade during high-liquidity sessions — London and New York sessions typically offer tighter spreads.
- Use an ECN/Raw Spread broker — Lower spreads mean a lower breakeven point, even with commissions.
- Close intraday when possible — Avoid accumulating swap fees by closing positions before market close.
- Choose swap-free pairs strategically — Some brokers offer swap-free accounts for specific pairs.