When using a margin account, you are provided with leverage, which allows you to place trades requiring you to hold less money in your account than you would without leverage.
Leverage is displayed in a ratio, such as 100:1. This would mean that for every 1 USD, you could control up to 100 USD, reflecting a 100 times leverage.
For example, if you wanted to place a 0.01 lot EUR USD trade at a rate of 1.10, you would require 11.00 USD in free margin using 100:1 leverage. If you had 500:1 leverage, the margin required would be 2.20 USD.
Note: With increased leverage, you are able to open larger position sizes, which also increases your risk.
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For more information:
https://oxsecurities.com/account/client-verification-process/
https://oxsecurities.com/trading-accounts/account-types/
https://oxsecurities.com/trading-accounts/trading-servers/
https://oxsecurities.com/trading-accounts/spreads/
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