Featured Forex Broker Reviews

  • Click Here
  • Click Here
  • FXCM Forex Capital Markets
  • Forex com GAIN Capital
  • etoro forex
  • Global Forex Trading
  • dukascopy fx trading
  • Marketiva Currency Trading
  • CMS Forex
  • forex club currency brokers
  • Vantage FX
  • Interbank FX
  • avafx foreign exchange

Advertise with us

Interest Calculator by Oanda FXTrade

Pros:

It is a detailed tool that calculates the interest earned based on your hold on a currency position over a certain time. The tool offers directions located beside the interest calculator tool and gives a detailed explanation of how the interest is calculated at the bottom of the page. The tool is simple to use and automatically inputs the current rate that Oanda is offering for the chosen currency pair. Tool also adjusts the rate earned or paid based on the currency the forex trading account is denominated in.

Cons:

One disadvantage is that there are only a few currencies available on its “Account Currency” section. It also only uses the rates that Oanda is offering so if a trader is using a different forex broker, the calculations will need to be adjusted accordingly

Overview:

This tool is available on the Oanda FXTrade website under interest calculator. This is the most robust interest rollover calculator available today. All the trader needs to enter is currency pair, position size, direction, time held and choose the currency the account is denominated in. This tool fills in the rest. Tool can be used on the following page.

Check out this tool