To learn how much money you need to open a trade, you can use the Trading Calculator on our website.
To calculate the margin, select the trading pair, lot size, currency of your account, and leverage:
Press the green “Calculate” button, and the necessary margin (the funds required to open an order) will appear in the table on the right.
For example with EURUSD currency pair, 0.1 lot, and leverage of 1:3000, you'd need approximately $3.48 to open this order.
Where:
Instrument - is the trading instrument that you are going to trade;
Lot size - is the volume of your order, how much you are going to trade;
Currency - is the currency of your trading account (EUR or USD);
Leverage - is the current leverage of your account;
Ask price - is the approximate Ask price for this currency pair at the moment;
Bid Price - is the approximate Bid price for this currency pair at the moment;
Contract size - is the size of the contract of the particular trading instrument you’ve selected, changes according to the chosen lot size;
Point value - shows the cost of one point for this currency pair;
Spread - is the amount of the commission you pay to your broker for this particular order;
Swap long - is the interest rate that will be applied to your trade if you open a buy order and keep the position overnight;
Swap short - is the interest rate that will be applied to your sell order if you hold it overnight;
Margin - is the minimum amount you need to have in your account to open the particular order.