IronFX’s Margin Calculator allows you to calculate precisely how much margin is required in order guarantee a position that you would like to open. This is important as it allows you to control whether you should reduce the lot size you are trading, or your leverage so as not to over-extend your trading account balance. Just enter your trade size, leverage, currency pair being traded, account currency and click calculate to determine your required margin.
IronFX’s Pip Value Calculator enables you to manage your risk more effectively, it is important to know the pip value of each position in the currency your trading account is denominated in. Just enter your trade size, the currency pair you are trading, and your account currency; lastly click ‘calculate’ to determine how much each pip is worth.
IronFX’s foreign exchange calculator enables you to convert among a number of different currencies. To use the calculator select your currency, the currency you would like to convert to, and the sum you would like converted. Finally click ‘CONVERT’ in order to perform the conversion via live market rates.