The XM forex calculator has many useful features, including a currency converter, a margin and swap calculator, and a spread and commission calculator. These tools help you determine your risk score and profit rate. The currency converter works by converting values between different currencies based on live rates that are available around the clock. In addition, it also lets you calculate the value of one pip. If you are a new trader, you may not be familiar with the concept of margin. The XM calculator makes it easy to learn the ins and outs of this important financial tool.
The currency converter is compatible with the MT4 and MT5 trading platforms. It confirms the rates of currency pairs, but not for CFD products. Enter an amount in either one or more currency pairs and the calculator will calculate the amount in the new currency pair at the current rate. The resulting figure will give you the amount in both currencies per pip.
The XM calculator also includes a list of fees associated with trading. These fees can range from commissions and spreads to financing rates and conversion fees. There are also non-trading fees, such as inactivity and withdrawal fees. Each asset class has its own specific fees, and the XM calculator lists the fees that apply to each one. It is a good idea to compare these fees with the other fees and commissions to make sure you’re getting the best deal.
The XM forex calculator is a great option for new traders who want to learn more about trading. The software has a user-friendly interface and a comprehensive set of charts that make it easy to navigate and use. Whether you’re using a desktop computer or a mobile device, the XM forex calculator will help you determine how to trade effectively.
The XM mobile app is another useful feature. It’s available for iPhones, iPads, and Android devices. You can download it from the Google Play Store or the Apple App Store. The XM app allows you to trade and monitor your trades while on the go. It offers many features, such as fingerprint login and instant deposits. It also accepts Visa, Mastercard, and UnionPay.