LEVERAGE AND MARGIN FOR FX, INDICES, AND METALS
ADVANTAGE, ADVANTAGE PLUS AND STANDARD TRADING ACCOUNTS (MT4 & MT5)
FX MAJORS
| Notional Value (USD) | Notional Value (EUR) | Notional Value (GBP) | Notional Value (NGN) | Leverage Offered | Floating Margin, % |
| 0 – 50,000 | 0 – 45,000 | 0 – 40,000 | 0 – 18,000,000 | 2,000 | 0.05 |
| 50,001 – 200,000 | 45,001 – 180,000 | 40,001 – 150,000 | 18,000,001 – 63,000,000 | 1,000 | 0.1 |
| 200,001 – 2,000,000 | 180,001 – 1,800,000 | 150,001 – 1,500,000 | 63,000,001 – 630,000,000 | 500 | 0.2 |
| 2,000,001 – 6,000,000 | 1,800,001 – 5,300,000 | 1,500,001 – 4,600,000 | 630,000,001 – 1,890,000,000 | 200 | 0.5 |
| 6,000,001 – 8,000,000 | 5,300,001 – 7,000,000 | 4,600,001 – 6,100,000 | 1,890,000,001 – 2,520,000,000 | 100 | 1 |
| More than 8,000,001 | More than 7,000,001 | More than 6,100,001 | More than 2,520,000,001 | 25 | 4 |
FX MINORS
| Notional Value (USD) | Notional Value (EUR) | Notional Value (GBP) | Notional Value (NGN) | Leverage Offered | Floating Margin, % |
| 0 – 50,000 | 0 – 45,000 | 0 – 40,000 | 0 – 18,000,000 | 500 | 0.2 |
| 50,001 – 200,000 | 45,001 – 180,000 | 40,001 – 150,000 | 18,000,001 – 63,000,000 | 200 | 0.5 |
| 200,001 – 2,000,000 | 180,001 – 1,800,000 | 150,001 – 1,500,000 | 63,000,001 – 630,000,000 | 100 | 1 |
| 2,000,001 – 6,000,000 | 1,800,001 – 5,300,000 | 1,500,001 – 4,600,000 | 630,000,001 – 1,890,000,000 | 25 | 4 |
FX EXOTICS
| Notional Value (USD) | Notional Value (EUR) | Notional Value (GBP) | Notional Value (NGN) | Leverage Offered | Floating Margin, % |
| 0 – 300,000 | 0 – 270,000 | 0 – 230,000 | 0 – 94,500,000 | 200 | 0.5 |
| 300,001 – 3,000,000 | 270,001 – 2,700,000 | 230,001 – 2,300,000 | 94,500,001 – 945,000,000 | 100 | 1 |
| More than 3,000,001 | More than 2,700,001 | More than 2,300,001 | More than 945,000,001 | 25 | 4 |
FX INDICES
| Notional Value (USD) | Notional Value (EUR) | Notional Value (GBP) | Notional Value (NGN) | Leverage Offered | Floating Margin, % |
| 0 – 500,000 | 0 – 440,000 | 0 – 380,000 | 0 – 157,500,000 | 1:500 | 0.2 |
| 500,001 – 200,000 | 440,001 – 900,000 | 380,001 – 760,000 | 157,500,001 – 315,000,000 | 1:200 | 0.5 |
| 1,000,001 – 5,000,000 | 900,001 – 4,400,000 | 760,001 – 3,800,000 | 315,000,001 – 1,575,000,000 | 1:100 | 1 |
| More than 5,000,001 | More than 4,400,001 | More than 3,800,001 | More than 1,575,000,001 | 1:25 | 4 |
SPOT METALS
| Notional Value (USD) | Notional Value (EUR) | Notional Value (GBP) | Notional Value (NGN) | Leverage Offered | Floating Margin, % |
| 0 – 400,000 | 0 – 350,000 | 0 – 300,000 | 0 – 126,000,000 | 1:500 | 0.2 |
| 400,001 – 700,000 | 350,001 – 600,000 | 300,001 – 500,000 | 126,000,001 – 220,500,000 | 1:200 | 0.5 |
| 700,001 – 1,000,000 | 600,001 – 900,000 | 500,001 – 750,000 | 220,500,001 – 315,000,000 | 1:100 | 1 |
| 1,000,001 – 4,000,000 | 900,001 – 3,500,000 | 750,001 – 3,000,000 | 315,000,001 – 1,260,000,000 | 1:50 | 2 |
| More than 4,000,001 | More than 3,500,001 | More than 3,000,001 | More than 1,260,000,001 | 1:25 | 4 |
Please Note:
*NOK and SEK pairs are provided with a maximum leverage of 1:50 for volumes with a notional value of up to 5,000,000 / 4,000,000 / 3,300,000 / 1,575,000,000 USD/ EUR/ GBP/ NGN. For volumes
above 5,000,000 / 4,000,000 / 3,300,000 / 1,575,000,000 USD / EUR/ GBP/ NGN, the leverage for NOK and SEK pairs is fixed at 1:25.
*HKD pairs are provided with a maximum leverage of 1:25 for volumes with a notional value of up to 500,000 / 400,000 / 330,000 / 157,500,000 USD/EUR/GBP / NGN. For volumes above 500,000 /
400,000 / 330,000 / 157,500,000 USD/EUR/GBP NGN, the leverage for HKD pairs is fixed at 1:10.
*TRY, CZK and ZAR pairs on all account types have a fixed leverage of 1:3, 1:5 and 1:25 respectively.
*Micro Accounts have a fixed leverage 1:1000 for FX Majors, 1:500 for FX Minors, 1:50 for FX Exotics and 1:500 for Spot Metals.
Please note that the leverage offered for EURCNH and USDCNH currency pairs is outlined in the table below:
| Notional Value (USD) | Notional Value (EUR) | Notional Value (GBP) | Notional Value (NGN) | Leverage Offered | Floating Margin, % |
| 0 – 2,000,000 | 0 – 1,600,000 | 0 – 1,300,000 | 0 – 630,000,000 | 1:50 | 2 |
| 2,000,001 – 4,000,000 | 1,600,001 – 3,200,000 | 1,300,001 – 2,700,000 | 630,000,001 – 1,260,000,000 | 1:25 | 4 |
| More than 4,000,001 | More than 3,200,001 | More than 2,700,001 | More than 1,260,000,001 | 1:10 | 10 |
| Notional Value (USD) | Notional Value (EUR) | Notional Value (GBP) | Notional Value (NGN) | Leverage Offered | Floating Margin, % |
| 0 – 500,000 | 0 – 400,000 | 0 – 360,000 | 0 – 190,000,000 | 1:100 | 0.01 |
| 500,001 – 1,000,000 | 400,001 – 800,000 | 360,001 – 720,000 | 190,000,001 – 381,000,000 | 1:50 | 0.02 |
| 1,000,001 – 2,000,000 | 800,001 – 1,600,000 | 720,001 – 1,450,000 | 381,000,001 – 762,000,000 | 1:25 | 0.04 |
| 2,000,001 – 7,000,000 | 1,600,001 – 5,800,000 | 1,450,001 – 5,100,000 | 762,000,001 – 1,668,000,000 | 1:50 | 0.1 |
| More than 7,000,001 | More than 5,800,001 | More than 5,100,001 | More than 1,668,000,001 | 1:1 | 1 |
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CALCULATING FOREX MARGIN REQUIREMENTS WITH FLEXIBLE LEVERAGE FOR STANDARD/ADVANTAGE/ADVANTAGE PLUS ACCOUNTS
STEP 1
Assume you open Position #1 Buy 1 lots GBPUSD 1.4584 for a USD Denominated Account.
The notional value is: 1 * 100 000 * 1.4584 = 145 840 USD. Since the notional value of 145 840 USD is not above 200 000 USD, the Leverage offered is 1:1000.
Margin is: 145 840 / 1000 = 145.84 USD.
STEP 2
You open position # 2 Buy 5 lots EURUSD 1.3175.
The notional value is: 5 * 100 000 * 1.3175 = 658 750 USD. The aggregate notional value of Position #1 and Position #2 is:
145 840 (for position # 1) + 658 750 (for position # 2) = 804 590.00 USD.
In this case, the aggregate notional value of open positions is above 200 000 USD, but under 2,000,000 USD.
Thus, a leverage of 1:1000 is provided for the first 200 000 USD, and a leverage of 1:500 for the remaining 604 590 USD.
Margin is: 200 000 / 1000 + 604 590 / 500 = 1 409.18 USD.
STEP 3
Assume you open Position #3 Buy 10 lots GBPUSD 1.4590. The notional value is: 10 * 100 000 * 1.4590 = 1 459 000 USD. The aggregate notional value of all three positions is:
145 840 (for position # 1) + 658 750 (for position # 2) + 1 459 000 (for position # 3) = 2 263 590 USD.
Now the aggregate notional value of open positions is above 2 000 000 USD, but under 6 000 000 USD.
Thus, a leverage of 1:1000 is provided for the first 200 000 USD, a leverage of 1:500 for the next 1 800 000 USD, a leverage 1:200 for the remaining amount.
Margin is: 200 000 / 1000 + 1 800 000 / 500 + 263 590 / 200 = 5 117.95 USD.
STEP 4
Assume you open Position #4 Buy 30 lots EURUSD 1.3164.
The notional value is: 30 * 100 000 * 1.3164 = 3 949 200.00 USD. The aggregate notional value of all four positions is:
145 840 (for position # 1) + 658 750 (for position # 2) + 1 459 000 (for position # 3) + 3 949 200 (for
position # 4) = 6 212 790.00 USD.
Now the aggregate notional value of open positions is above 6 000 000 USD, but less than 8 000 000 USD.
Thus, a leverage of 1:1000 is provided for the first 200 000 USD, a leverage of 1:500 for the next 1 800 000 USD, leverage 1:200 for the next 4 000 000 and leverage 1:100 for the remaining amount.
Margin is: 200 000 / 1000 + 1 800 000 / 500 + 4 000 000 / 200 + 212 790 / 100 = 25 927.90 USD
STEP 5
Assume you open Position #5 Buy 20 lots EURUSD 1.3188
The notional value is: 20 * 100 000 * 1.3188 = 2 637 600.00 USD. The aggregate notional value of all five positions is:
145 840 (for position # 1) + 658 750 (for position # 2) + 1 459 000 (for position # 3) + 3 949 200 (for
position # 4) + 2 637 600 (for position # 5) = 8 850 390.00 USD.
Thus, a leverage of 1:1000 is provided for the first 200 000 USD, a leverage of 1:500 for the next 1 800 000 USD, a leverage 1:200 for the next 4 000 000, a leverage 1:100 for the next 2 000 000 and a leverage of 1:25 for the remaining amount.
Margin is: 200 000 / 1000 + 1 800 000 / 500 + 4 000 000 / 200 + 2 000 000 / 100 + 850 390 / 25 = 77
815.60 USD
STEP 6
Let’s suppose you close position #3 (Buy 10 lots GBPUSD 1.4590) The notional value is: 1 459 000 USD.
The aggregate notional value of all four positions is (taking into account the third position having been closed):
145 840 (for position # 1) + 658 750 (for position # 2) + 3 949 200 (for position # 4) + 2 637 600 (for
position # 5) = 7 391 390.00 USD.
When Position #3 was closed, the total notional value also decreases which leads to a decrease in the margin requirements. The part exceeding 8 000 000 USD is removed first and with it the 1:25 leverage.
Margin is: 200 000 / 1000 + 1 800 000 / 500 + 4 000 000 / 200 + 1 391 390 / 100 = 37 713.90 USD
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