Initial Margin and Account Leverage Table for Margin FX and Bullion Spot CFDs

The Margin Percentage in the below Contract Specifications is used to calculate the Initial Margin which is payable upon the opening of a position. Please note the Margin Percentage displayed in the Trading Platform’s Market Watch window is 100 times larger than the actual Margin Percentage applied to your positions and as such must be divided by 100, your Account Leverage, to calculate your applicable Margin Percentage.

Initial Margin Rate and Leverage Table for Other CFDs

All Futures CFDs, Cash CFDs and Cryptocurrency CFDs have a fixed Initial Margin in accordance with the below Contract Specifications Percentage. The Margin Percentage in the Trading Platform Market Watch window display is the same value as the Contract Specifications below and do not require dividing by 100 like Margin FX.

Margin Calculation Formulas

Margin Calculation Formula (All Asset Classes)

(No. of lots * Contract size * Price (buy or sell))/Leverage

For products that use account leverage (Forex and Metals): Account leverage / (Margin % * 100)

For products that have fixed leverage (All other CFDs): 1/Initial Margin Rate %

Initial Margin Rate can be found in the Product Schedule.