As it is known, Exness is a forex broker that was founded by a group of professionals in finance and information technology in St. Petersburg, Russia. The company was created in 2008 and has been recognized as one of the fastest growing forex brokerages ever. And from 2017, Exness became the biggest retail forex broker on the world. Forex is complex. So, Exness launched a forex calculator tool to help traders calculate their order parameters easier such as: margin, leverage, pip, spread,…
Using Exness forex calculator here.
Exness calculator tool
Exness has one of the greatest forex calculators in the forex Brokers. The traders have at their disposal this Exness calculator. It was designed to calculate the basic parameters of a transaction. It can calculate things like the margin, the cost of each point, and you can even calculate the amounts of the SWAP. But, what are the margin and the SWAP?
What is SWAP in forex
A swap charge is determined based on the interest rates of the countries involved in each currency pair and whether the position is short or long. In any one currency pair, the interest is paid on the currency sold and received on the currency bought.
Swap charges are released weekly by the financial institutions we work with and are calculated based on risk-management analysis and market conditions. Each currency pair has its own swap charge and is measured on a standard size of 1.0 lot (100,000 base units).
Swap rates posted below are indicative rates and are subject to change based upon market volatility.
What is Margin in forex
Using margin in forex trading is a new concept for many traders, and one that is often misunderstood. Margin is a good faith deposit that a trader puts up for collateral to hold open a position. More often than not margin gets confused as a fee to a trader. It is actually not a transaction cost, but a portion of your account equity set aside and allocated as a margin deposit.
When trading with margin it is important to remember that the amount of margin needed to hold open a position will ultimately be determined by trade size. As trade size increases your margin requirement will increase as well.
It is easy to use Exness calculator to calculate margin. you just need to enter the initial data in the corresponding fields and then press “Calculate”.
The information that the Exness calculator provides is especially important if your account has several positions open in different forex currency pairs and in other trading instruments. You are going to have access to this Exness calculator once you had chosen one Exness account and you have a trading history.
About Exness Broker
This broker has committed to offering to its client’s high-quality trading services in many financial markets. Exness is a broker that calls itself one of the most honest, open and transparent brokers ever created. Exness forex broker is one of the main players in the online forex industry it has multiple secondary companies regulated by CySec and FCA (UK). Exness is a totally good broker where the withdrawal of funds is automatic through the various electronic payment methods that the broker offers, such as Moneybookers, WebMoney, Neteller, Perfect Money, Payweb, CashU.
You can also operate by bank transfer, but with a longer delay than through the means of deposit and premature retirement. It will depend on what you are going to choose.