This tool works like a trade simulator so a trader can have a quick understanding of how to calculate immediately and with ease a pip value for the available instruments/trading pairs.
It allows the trader to select specific trading settings, like open price of a trading order, account leverage, position size (Amount in units), and many more. Traders should keep in mind that the profit is calculated based on the quote currency of a trading pair, while margin (Used or Required Margin) to open a trading order is calculated based on the base currency of a trading pair.