Do not reuse EUR/USD prices for another currency pair.
General informationSources and dates included
What to compare
A standard 100,000 GBP GBP/USD contract also has a USD 10 pip value, but its spread and overnight schedule differ from EUR/USD. Check the actual symbol, contract size and long/short financing rates.
Limits of the published information
Compare costs in the hours when you expect to trade, including news and rollover if relevant. A GBP account can create different currency-conversion effects from a USD or AED account. Quotes across different entities and sessions are not a fair ranking.
For a 100,000-GBP standard contract, one pip is USD 10 per lot. In a hypothetical 0.1-lot trade, 1.5 pips therefore costs USD 1.50 in spread. A USD 3.50-per-lot-per-side commission adds USD 0.70, giving USD 2.20 before other charges.
The arithmetic resembles EUR/USD because USD is the quote currency, but the input spread and financing must belong to GBP/USD. Our EUR/USD calculator’s published broker example is not GBP/USD data. Keep a separate instrument worksheet rather than relabelling that preset.
