Tools
Use these free forex calculators to work out what a pip is worth, what a price move makes or loses, the position size that matches a loss limit you set and how much margin a position ties up. Every calculator opens in Kenyan shillings, lets you switch to your account currency, and shows how the result is worked out.
They are educational tools, not investment advice. Anything converted between currencies uses reference rates, dated and rounded, not live rates, so a converted figure is an estimate rather than a quote.
What one pip is worth on a standard, mini or micro lot, or any size you enter, in KES or your account currency.
Where a pair is quoted in another currency, the pip value is converted at reference rates, so it is an estimate rather than a quote.
Open the pip calculator →The profit or loss on a buy or a sell between two prices, in pips, in the pair's quote currency and in your account currency.
This is the result of the price move before costs: the spread, commission and overnight swap are not included, so a real trade will differ. Each broker's costs are in our reviews.
Open the profit calculator →The position size at which a stopped-out trade would lose about the amount you set, before spread and slippage. A stop does not guarantee the exit price. Enter a risk amount and a stop distance, and it works out the size.
Pip values use reference rates, so every figure is an estimate.
Open the position size calculator →How much of your balance a position ties up as margin at a given leverage, and what a 1 percent move against it costs.
The leverage choices are examples. Kenya's CMA caps retail leverage at 1:400, and your broker may offer less, so check your account terms.
Open the margin calculator →Filter the brokers we review by markets, M-Pesa and other funding routes, a KES account and swap-free.
Four filters: what you trade, M-Pesa, a KES account and swap-free. It shows the brokers that meet them, with the company that would hold your account and its CMA licence.
It orders results on licence and product fit, not on our review scores, and includes only brokers whose review is finished, from a funded account we opened.
Open the broker filter →Every calculator uses a standard formula, written out on its own page next to a worked example run by the same code the tool uses. Nothing you type is sent to us or saved in your browser. And no broker pays to change a result: we may earn a commission when you open an account through our links, but that never touches the maths or our ratings. See how we make money.
None of the calculators reads our broker records. They work on the figures you enter, the conventions of each instrument (its pip size and contract size) and a set of dated reference exchange rates. A converted figure is an estimate at those rates, not a quote, because your broker converts at its own rate.
The broker filter is the exception: it reads the records behind our reviews when the site is built, so the company, licence and funding facts it shows are the ones on each review. It does not rank on our review scores, and a partner broker never ranks above an equal match.
A calculator sizes a trade. These pages are about whose account you would be trading it in.
Giles Thomas is Executive Director at FOE Global, a UAE-based family office and private equity advisory firm. He leads the broker research for BestForexBroker and writes its reviews, checking each broker against the CMA's licensee register and its client agreement rather than its marketing.
