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01/12/2010 23:43:20
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Based on MB Trading:
Margin Requirements
The following information is based on the new CFTC 50:1 leverage requirements that will come into effect on October 17, 2010. Prior to that, we can continue to offer 100:1 to leverage.Margin leverage is 50:1
The margin requirement on a $100,000 contract is 2%
$100,000 is equivalent to 10 lots
Account value must be above $100 to open a new Forex position.
USD based pairs (USD/JPY)$100,000 has a $2,000 margin requirement.
Non USD based pairs (EUR/USD)Current price x 2%
The base currency price (EUR) is 1.2928, giving it a $2585.60 margin
Non USD related pairs (EUR/JPY)If the pair does not contain USD, you must refer back to USD. Example: EUR/JPY would refer to EUR/USD (because it starts with EUR). So a $100,000 lot would have a margin requirement of $2585.60
If the equity in an account falls below the required margin, then all open trades will be closed at the prevailing market rate.
edited by forum on 01/12/2010
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