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Margin Calculator

Pros:

Simple margin calculator that measures the margin required when you open a postion on a currency pair. You only need to provide several figures to calculate the margin used. Also there are instructions located beside the tool and an explaination of how the tool works at the bottom of the page.

Cons:

Limited amount of currency options on the “Account Currency” section. Very simple tool but should be used as a teaching mechanism. Traders should focus on available margin on their trading platform and take into account profit and loss to prevent a margin call.

Overview:

The Margin Calculator is free to use on the Oanda FXTrade website. It is a very easy to use tool and provides traders with the basic formula so they can learn how the calculations are performed. Tool is available here

Check out this tool