Profit and loss calculator

What a trade actually made after fees — including the break-even price, which is never the price you paid.

Where the fees go

You pay a fee on the notional value twice — once opening, once closing — and both are charged on the full position, not on your margin. At 10× leverage a 0.05% round trip costs 1% of your margin before the price has moved at all. That is why high-leverage scalping so often loses money on trades that looked profitable on the chart.

Return on margin versus return on the move

Leverage does not change your profit in dollars — a 10% move on a $10,000 position makes $1,000 whether you posted $10,000 or $1,000 of margin. What it changes is the percentage return on the money you put up, and equally the percentage loss. The two figures in the panel above are both true and mean different things.