Profit/loss calculation for CFDs is as below.

For long(buy) positions:

Profit/Loss Calculation(long) (Close Price – Open Price) × Lots × Contract Size = profit/loss

For short(sell) positions:

Profit/Loss Calculation(short) (Open Price – Close Price) × Lots × Contract Size = profit/loss

To avoid any confusions, you may want to open a demo account and find out.

XM’s Demo account is available for Free.

Open XM Demo account

XM also offers free online calculator on the official website.

XM Official Website

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