In simple terms, trading volume (TV) refers to the amount of base currency a trader is trading. It is essential in calculating margin, pip value, and more.

Trading volume is always calculated in base currency and is calculated using the formula below:

Trading volume (TV) = Number of lots x Contract size

• Example 1:
  • An order to buy 3 lots of EURUSD.
  • TV = 3 x 100000 EUR = 300000 EUR
• Example 2:
  • An order to sell 3 lots of UKOIL.
  • TV = 3 x 1000 BBL = 3000 BBL

Try our trading calculator to see the formula in action.

Applying trading volume calculations

Here are a few instances where calculating trading volume (TV) can come in handy.

Performance in your Personal Area (PA)

Under the Trading in your Personal Area (PA), heading to Performance will show you a summary of your trading performance for all your real trading accounts. The total trading volume calculated here is based on open and closed trades.  

Exness Rewards Program

Under the Exness Rewards program, the trading volume determines how much trading costs you can save through cashback earned from EXD on spreads and trading commissions.

Exness VPS criteria

Exness VPS requirements can include overall account balance and/or total trading volume, calculated using this formula: 

Fully traded lot = ((traded volume in USD / base currency to USD rate) / contract size) / 2

The specific eligibility criteria and requirements that apply can be found in your Personal Area (PA).

Partnership program

As a partner, your referred client's trading volume is calculated and used as one of the main qualification criteria that applies to various partner levels. Additionally, the trading volume (TV) for your referred clients is calculated to check if you are eligible for prizes under the Partner Loyalty Program. The trading volume is calculated for both opening and closing sides of an order with this formula: 

Total Trading Volume of an Order in USD = 

Opening Trading Volume + Closing Trading Volume = (Open Order Volume in lots × Contract size × Conversion Rate at Execution Time) + (Close  Order Volume in lots × Contract size × Conversion Rate at Execution Time)

• The opening price is used for opening trading volume calculation. 
• The closing price is used for closing trading volume calculation.