How to Calculate Lot Size for CHFJPY
BY TIOmarkets
|March 31, 2026Calculating the correct lot size for CHFJPY involves two currency conversion considerations that differ from most standard pairs. Because CHFJPY is quoted in Japanese yen, the pip sits at the second decimal place and the pip value is denominated in JPY rather than USD.
And because CHFJPY contains the Swiss franc as the base currency, the margin requirement is higher than for most other currency pairs. Together, these factors mean that position sizing for CHFJPY requires more careful calculation than for a straightforward USD-quoted major. This guide covers the CHFJPY contract specifications at TIOmarkets, the pip value calculation, margin requirements, and a step-by-step position sizing method.
CHFJPY Contract Specifications at TIOmarkets
The CHFJPY instrument at TIOmarkets represents the exchange rate between the Swiss franc and the Japanese yen. One standard lot equals CHF 100,000, one mini lot equals CHF 10,000, and one micro lot equals CHF 1,000. The minimum trade size is 0.01 lots, which is CHF 1,000. The maximum lot size per single trade is 20 lots across all account types.
CHFJPY trades on both MT4 and MT5. On MT5, the symbol is CHFJPY. The MT4 symbol for CHFJPY has not been confirmed from a TIOmarkets source page and should be verified inside the platform before trading. Trading is available Monday through Thursday from 00:00 to 24:00 server time, and on Friday from 00:00 to 23:55. The market is closed on Saturday and Sunday.
Spreads on CHFJPY are variable and will typically be higher than the minimum figures shown on the TIOmarkets website. Overnight swap rates apply to positions held past the daily rollover and should be checked directly inside the MT4 or MT5 platform, as rates are not published in advance and change regularly.
What Is the Pip Value for CHFJPY?
CHFJPY is a JPY-quoted pair. Because the Japanese yen has a much lower unit value than most other currencies, the pip for CHFJPY is located at the second decimal place rather than the fourth. One pip equals 0.01. Each pip movement is therefore worth JPY 1,000 per standard lot, JPY 100 per mini lot, and JPY 10 per micro lot.
For traders holding USD-denominated accounts, the JPY pip value must be converted to USD by dividing by the USD/JPY exchange rate. The conversion is:
USD pip value = JPY pip value / USD/JPY rate
Using an illustrative USD/JPY rate of 158.86:
- Standard lot: JPY 1,000 / 158.86 = USD 6.30 per pip
- Mini lot (0.1): JPY 100 / 158.86 = USD 0.63 per pip
- Micro lot (0.01): JPY 10 / 158.86 = USD 0.063 per pip
These figures are illustrative only. Because USD/JPY fluctuates continuously, the USD equivalent of each pip will change with it. The pip value in JPY is always fixed at JPY 1,000 per standard lot for any JPY-quoted pair, but the USD conversion varies in real time. Traders using accounts in currencies other than USD should use the TIOmarkets Pip Value Calculator to obtain accurate figures for their account currency.
How to Calculate Margin for CHFJPY
The margin requirement for CHFJPY at TIOmarkets is 5%. This is higher than the 1% margin that applies to most standard major and minor pairs, and reflects the Swiss franc component of the pair. Currency pairs involving the Swiss franc as either the base or quote currency carry a 5% margin requirement at TIOmarkets. Leverage is subject to change depending on market conditions and applicable regulatory requirements.
Because CHFJPY has CHF as the base currency, the margin is calculated on the CHF notional value of the position. The margin formula is:
Required margin = Contract size × Lot size × Margin percentage
For a 1.0 lot CHFJPY position:
Required margin = CHF 100,000 × 1 × 0.05 = CHF 5,000
For a USD account, this CHF margin figure is converted to USD by dividing by the USD/CHF rate. At an illustrative USD/CHF of 0.8001:
USD margin = CHF 5,000 / 0.8001 = approximately USD 6,249
These figures are illustrative. Actual margin required will vary with the USD/CHF conversion rate at the time of trade entry. The TIOmarkets Margin Calculator will calculate the exact margin required in your account currency.
Position Sizing Formula for CHFJPY
Position sizing connects your risk tolerance to the correct lot size for a given trade. The standard method is to define the maximum monetary amount you are prepared to risk on a single trade, then back-calculate the lot size from that figure and your intended stop loss distance in pips.
Step 1: Define your risk amount
For example, a trader with a USD 10,000 account risking 1% per trade has a risk budget of USD 100.
Step 2: Determine your stop loss in pips
If the stop loss is placed 30 pips from the entry price, the stop loss distance is 30 pips. For CHFJPY, remember that one pip equals 0.01, not 0.0001.
Step 3: Calculate the required pip value
Required pip value = Risk amount / Stop loss distance = USD 100 / 30 = USD 3.33 per pip
Step 4: Convert the required USD pip value to JPY
Because CHFJPY pip values are in JPY, multiply the required USD pip value by the USD/JPY rate:
Required JPY pip value = USD 3.33 × 158.86 = JPY 529.00
Step 5: Calculate lot size
Lot size = Required JPY pip value / JPY 1,000 (pip value per standard lot) = JPY 529.00 / JPY 1,000 = 0.529 lots
Round down to the nearest available increment — in this case, 0.52 lots.
This calculation assumes a USD account at an illustrative USD/JPY rate of 158.86. Note that while the pip value and position sizing calculation follow the standard JPY-quoted pattern, the higher margin requirement for CHFJPY means you should always verify that your account has sufficient free margin to support the position at the 5% margin rate before placing the trade. The TIOmarkets Lot Size Calculator and Margin Calculator together provide the most accurate picture for your account currency and current rates.
Using TIOmarkets Calculators for CHFJPY
TIOmarkets provides four calculators at tiomarkets.com to support trade planning:
The Lot Size Calculator calculates the appropriate lot size based on your account currency, risk amount, and stop loss distance in pips. This is the most direct tool for the position sizing workflow described above.
The Pip Value Calculator shows the monetary value of one pip for a given lot size in your account currency. Use this to confirm pip value before entering a position.
The Margin Calculator shows the margin required to open a position at a given lot size. For CHFJPY, using this calculator is particularly important given the higher 5% margin requirement, which means each lot requires significantly more margin than a standard 1% pair.
The Profit Calculator estimates the profit or loss from a trade based on entry price, exit price, and lot size. Use this to assess the reward side of a trade alongside the risk calculation.
All four calculators support multiple account currencies and a broad range of instruments including CHFJPY.
Trading Costs on CHFJPY
Understanding the full cost of a CHFJPY trade helps with accurate position sizing and expectancy calculations.
The spread on CHFJPY is variable. It represents the difference between the bid and ask price at the time of execution and is the primary cost on Standard and VIP Black accounts. Spreads are typically higher than the minimum figures shown and will widen during periods of lower liquidity or higher volatility, such as around Swiss National Bank or Bank of Japan announcements, or during the quieter hours outside the European and Tokyo sessions.
On the Raw account, spreads start from 0.0 pips and a commission of USD 6 per round turn lot applies. This commission is charged in full when the position is opened and covers both the open and close of the trade. For non-USD base currency accounts, the commission is converted at the prevailing rate. On Standard and VIP Black accounts, there is no commission.
Overnight swap charges apply to positions held past the daily rollover. Swap rates for CHFJPY should be checked inside the MT4 or MT5 platform, as they are not published in advance and change regularly.
Orders are executed at the best available market price, which may result in positive or negative slippage. Demo accounts often execute instantly and may not fully replicate live slippage conditions.
Trading CHFJPY at TIOmarkets
CHFJPY is available on the Standard, Raw, and VIP Black accounts on both MT4 and MT5. The Nano account is available on MT5 only and also supports CHFJPY trading with a minimum lot size of 0.001.
Hedging is permitted on all account types. Traders interested in swap-free trading conditions should contact TIOmarkets directly to enquire about Islamic account eligibility for CHFJPY. Copy trading is available at TIOmarkets, allowing followers to replicate the trades of strategy providers in real time across MT4 and MT5.
FAQ
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