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 |
Trading leveraged products has the potential to increase losses as well as profits. Click here to read more and please trade carefully.
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
