CFDs are a leverage product and can involve a significant risk of loss. Trading CFDs may not be suitable for all, therefore you should ensure that you understand the risks involved and take into account your individual circumstances.

Specifications

Read the information below regarding order execution and leverage on each of our 4 main trading platforms. Please note that, for clients of FxPro Financial Services Limited, the default leverage offered during the account opening process is set at 1:50. The maximum leverage offered to any client depends on their level of experience in trading CFDs. This is assessed during the registration process.

For the purpose of margin calculation, please note that the lowest between the account leverage and the symbol leverage will prevail.

Forex Leverage

FxPro uses a dynamic forex leverage model on the MT4, MT5, cTrader and FxPro Markets platforms, which automatically adapts to clients trading positions. As the volume per Instrument of a client increases, the maximum leverage offered decreases accordingly; as per the following table.

This is done per trading instrument, so if a client has positions open across multiple instruments, the leverage will be calculated separately on each forex symbol. For example, if a trader has 300 lots Buy on USDJPY, and then starts trading EURUSD, his/her margin requirement for EURUSD, will not be affected by the existing USDJPY positions.

The sum of the positions is calculated in the following way. Consider a trader has 300 lots Buy and 200 Lots Sell. To calculate the required margin, one would take the side with the largest volume (sum). In this example, the side with the largest exposure is the 300 Buy, and as such, 300 would be the value used in calculating the required margin. Furthermore, a trader with 6 positions of 50 lots Buy (or Sell), and a trader of a single position of 300 lots Buy (or Sell), would require the same margin; given their accounts have identical leverage settings.

Open Lots Maximum Leverage
0-100 Max 1:500
100-200 Max 1:200
200-300 Max 1:100
300-500 Max 1:50
500+ Max 1:33
 

Please note, that if the account leverage is less than the value table provided, then the account leverage will be considered instead.

Example 1
Client Account Leverage – 1:50

Consider a USD account with 200 Buy (or Sell) lots USDJPY.
In this example, the account leverage is less than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Lots Maximum
Leverage
Applicable
Leverage
Margin
0-100 1:500 1:50 100 (lots) * 100,000 / 50 (leverage) = 200,000 USD
100-200 1:200 1:50 100 (lots) * 100,000 / 50 (leverage) = 200,000 USD
200-300 1:100 1:50
      Total Required Margin: 400,000 USD

Utilised Leverage is 1:50


Example 2
Client Account Leverage – 1:100

Consider a GBP account with 250 Buy (or Sell) lots GBPUSD.
In this example, the account leverage is less than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below

Lots Maximum
Leverage
Applicable
Leverage
Margin
0-100 1:500 1:100 100 (lots) * 100,000 / 100 (leverage) = 100,000 GBP
100-200 1:200 1:100 100 (lots) * 100,000 / 100 (leverage) = 100,000 GBP
200-300 1:100 1:100 50 (lots) * 100,000 / 100 (leverage) = 50,000 GBP
      Total Required Margin: 250,000 GBP

Utilised Leverage is 1:100


Example 3
Client Account Leverage – 1:500

Consider a EUR account with 300 Buy (or Sell) lots EURUSD
In this example, the account leverage is greater than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below

Lots Maximum
Leverage
Applicable
Leverage
Margin
0-100 1:500 1:500 100 (lots) * 100,000 / 500 (leverage) = 20,000 EUR
100-200 1:200 1:200 100 (lots) * 100,000 / 200 (leverage) = 50,000 EUR
200-300 1:100 1:100 100 (lots) * 100,000 / 100 (leverage) = 100,000 EUR
      Total Required Margin: 170,000 EUR

Utilised Leverage is 1:176.47


Metals Margin Requirements

FxPro uses a dynamic leverage model on the MT4, MT5, cTrader and FxPro Markets platforms for trading precious metals, which automatically adapts to clients' trading positions. As the trading volume per Instrument of a client increases, the maximum leverage offered decreases accordingly; as per the following table.

Again, this is done per Trading Instrument, so if a client has positions open across multiple Instruments, the leverage will be calculated separately on each symbol. For example, if a trader has a position in Silver and then starts trading Gold, his/her margin requirement for Gold will not be affected by the existing Silver positions.

Symbols Open
Lots
Margin
Requirement
Maximum
Leverage
GOLD, GOLDEURO, SILVER, SILVEREURO 0-50 0.50% 1:200
>50 1% 1:100
GOLDoz 0-5,000 0.5% 1:200
>5,000 1% 1:100
GOLDgr 0-155,500 0.5% 1:200
>155,500 1% 1:100
Example 1 Metals

Client Account Leverage – 1:50
Consider a USD account with 10 Buy (or Sell) lot of Gold at spot price of 1,250 USD.
In this example, the account leverage is less than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Lots Margin
Requirement
Applicable
Margin
Requirement
Margin Margin USD
10 0.50% 2% 2% (margin req.) * 100 (oz) * 10 (lots) * 1,250 (price of gold spot) $25,000.00
      Total Margin Required = $25,000.00

Utilised Leverage is 1:50


Example 2 Metals

Client Account Leverage – 1:100
Consider a USD account with 100 Buy (or Sell) lot of Gold at spot price of 1,250 USD.
In this example, the account leverage is less than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Lots Margin
Requirement
Applicable
Margin
Requirement
Margin Margin USD
50 0.50% 1% 1% (margin req.) * 100 (oz) * 50 (lots) * 1,250 (price of gold spot) $62,500.00
50 1.00% 1% 1% (margin req.) * 100 (oz) * 50 (lots) * 1,250 (price of gold spot) $62,500.00
      Total Margin Required = $125,000

Utilised Leverage is 1:100


Example 3 Metals

Client Account Leverage – 1:500
Consider a USD account with 150 Buy (or Sell) lot of Gold at spot price of 1,250 USD.
In this example, the account leverage is greater than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Lots Margin
Requirement
Applicable
Margin
Requirement
Margin Margin USD
50 0.50% 0.50% 0.50% (margin req.) * 100 (oz) * 50 (lots) * 1,250 (price of gold spot) $31,250.00
100 1.00% 1.00% 1.00% (margin req.) * 100 (oz) * 100 (lots) * 1,250 (price of gold spot) $125,000.00
      Total Margin Required = $156,250.00

Utilised Leverage is 1:120


Futures Margin Requirements

FxPro uses a dynamic leverage model on the MT4 and MT5 platforms for trading futures, which automatically adapts to clients' trading positions. As the trading volume per Instrument of a client increases, the maximum leverage offered decreases accordingly; as per the following table.

Open
Lots
Margin
Requirement
Maximum
Leverage
0-50 2% 1:50
50-100 4% 1:25
100-150 10% 1:10
150-300 16% 1:6.25
>300 20% 1:5
Example 1 Futures

Client Account Leverage – 1:50
Consider a USD account with 10 Buy (or Sell) lots of Dow Jones Future at 20,000
In this example, the account leverage equals the symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Lots Margin
Requirement
Applicable
Margin
Requirement
Margin Margin USD
10 2% 2% 10(Lots) *5($) *20,000 (Opening Price) * 2%(margin req.) $20,000.00
      Total Margin Required = $20,000.00

Utilised Leverage is 1:50


Example 2 Futures

Client Account Leverage – 1:100
Consider a EUR account with 100 Buy (or Sell) lots of DAX Future at 12,000
In this example, the account leverage is greater than the symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Lots Margin
Requirement
Applicable
Margin
Requirement
Margin Margin USD
50 2% 2% 50(Lots) *25(EUR) *12,000 (Opening Price) * 2%(margin req.) 300,000 EUR
50 4% 4% 50(Lots) *25(EUR) *12,000 (Opening Price) * 4%(margin req.) 600,000 EUR
      Total Margin Required = 900,000 EUR

Utilised Leverage is 1:33.33


Example 3 Futures

Client Account Leverage – 1:500
Consider a USD account with 150 Buy (or Sell) lots of Nikkei225 Future at 18,500
In this example, the account leverage is greater than the symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Lots Margin
Requirement
Applicable
Margin
Requirement
Margin Margin USD
50 2% 2% 50(Lots) *5($) *18,500 (Opening Price) * 2%(margin req.) $92,500
50 4% 4% 50(Lots) *5($) *18,500 (Opening Price) * 4%(margin req.) $185,000
50 10% 10% 50(Lots) *5($) *18,500 (Opening Price) * 10%(margin req.) $462,500
      Total Margin Required = $740,000

Utilised Leverage is 1:18.75


Energy Futures / Spot Margin Requirements

FxPro uses a dynamic leverage model for trading future energies, which automatically adapts to clients' trading positions. As the trading volume per Instrument of a client increases, the maximum leverage offered decreases accordingly; as per the following table.

Open Lots Margin
Requirement
0-20 1.00%
20-100 2.50%
>100 5.00%
Example 1 Future Energies

Client Account Leverage – 1:50
Consider a USD account with 20 Buy (or Sell) lots of US Light Sweet Crude Oil at 53.15.
In this example, the account leverage is less than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Lots Margin Requirement Applicable
Margin
Requirement
Opening Price Margin
20 1% 2% 20(Lots) *1000 (Contract Size) * 53.15 (Opening Price) * 2%(margin req.) $21,260.00
      Total Margin Required = $21,260.00

Utilised Leverage is 1:50


Example 2 Future Energies

Client Account Leverage – 1:100
Consider a USD account with 50 Buy (or Sell) lots of Brent Oil at 55.75.
In this example, the account leverage is greater than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Lots Margin Requirement Applicable
Margin
Requirement
Opening Price Margin
20 1% 1% 20(Lots) *1000 (Contract Size) * 55.75 (Opening Price) * 1%(margin req.) $11,150.00
30 2.5% 2.50% 30(Lots) *1000 (Contract Size) * 55.75 (Opening Price) * 2.50%(margin req.) $41,812.50
      Total Margin Required = $52,962.50

Utilised Leverage is 1:52.63


Example 3 Future Energies

Client Account Leverage – 1:500
Consider a USD account with 150 Buy (or Sell) lots of Natural Gas at 3.285.
In this example, the account leverage is greater than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Lots Margin Requirement Applicable
Margin
Requirement
Opening Price Margin
20 1% 1% 20(Lots) *10000 (Contract Size) * 3.285 (Opening Price) * 1%(margin req.) $6,570.00
80 2.5% 2.5% 80(Lots) *10000 (Contract Size) * 3.285 (Opening Price) * 2.5%(margin req.) $65,700.00
50 5% 5.00% 50(Lots) *10000 (Contract Size) * 3.285 (Opening Price) * 5%(margin req.) $82,125.00
      Total Margin Required = $154,395.00

Utilised Leverage is 1:31.91


Indices Margin Requirements

FxPro uses a dynamic leverage model for indices, which automatically adapts to clients' trading positions. As the amount of indices of a client increases, the leverage offered decreases accordingly; as per the following table.

Please note, on the cTrader and FxPro Markets platforms, dynamic leverage is not applicable for indices.

Margin Requirement 0.20% 0.50% 0.80% 1.00% 1.50% 2% 4% 10% 16% 20% (for greater than)
US30, AUS200, Swiss20, UK100, USNDAQ100, Germany30, USSPX500, Italy40, US2000 25 25 - 50 100 300 750 1,000 1,250 3,500
Japan225, Finland25, Spain35, Holland25, Euro50, France40 - 25 25 50 100 300 750 1,000 1,250 3,500
France120, HongKong50, Polland20, UKMid250, Belgium20, Germany50, GerTech30, Canada60, SAfrica40 - - 50 50 100 300 750 1,000 1,250 3,500
ChinaA50, Greece25, ChinaHShar - - - - - 500 750 1,000 1,250 3,500
Example 1 Indices

Client Account Leverage – 1:50
Consider a USD account with 280 Lots of #US30 at 20,000.
In this example, the account leverage is less than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Units Size Range Margin
Requirement
Applicable Margin
Req.
Margin (Units*Margin
Required*Opening Price)
Margin Margin CCY
25 0-25 0.2% 2% 25*2%*20,000 10,000 USD
25 26-50 0.5% 2% 25*2%*20,000 10,000 USD
50 51-100 1.0% 2% 50*2%*20,000 20,000 USD
100 101-200 1.5% 2% 100*2%*20,000 40,000 USD
80 201-500 2.0% 2% 80*2%*20,000 32,000 USD
Total Margin Required = $112,000

Utilised Leverage is 1:50


Example 2 Indices

Client Account Leverage – 1:100
Consider a EUR account with 250 Lots of #France120 at 4,000.
In this example, the account leverage is less than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Units Size Range Margin
Requirement
Applicable Margin
Req.
Margin (Units*Margin
Required*Opening Price)
Margin Margin CCY
50 0-50 0.75% 1% 50*1%*4,000 2,000 EUR
50 51-100 1% 1% 50*1%*4,000 2,000 EUR
100 101-200 1.5% 1.5% 100*1.5%*4,000 6,000 EUR
50 201-250 2% 2% 50*2%*4,000 4,000 EUR
Total Margin Required = 14,000 EUR

Utilised Leverage is 1:71.43


Example 3 Indices

Client Account Leverage – 1:500
Consider a GBP account with 550 Lots of #UK100 at 7,300.
In this example, the account leverage is greater than symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:

Units Size Range Margin
Requirement
Applicable Margin
Req.
Margin (Units*Margin
Required*Opening Price)
Margin Margin CCY
25 0-25 0.2% 0.2% 25*0.2%*7,300 365.00 GBP
25 26-50 0.5% 0.5% 25*0.5%*7,300 912.50 GBP
50 51-100 1.0% 1% 50*1%*7,300 3,650.00 GBP
100 101-200 1.5% 1.5% 100*1.5%*7,300 10,950.00 GBP
300 201-500 2.0% 2% 300*2%*7,300 43,800.00 GBP
50 501-550 4.0% 4% 50*4%*7,300 14,600.00 GBP
Total Margin Required = 74,277.50 GBP

Utilised Leverage is 1:54.05


Shares Margin Requirements

As in forex trading, FxPro uses a dynamic leverage model for trading shares, which automatically adapts to clients' trading positions. As the amount of shares of a client increases, the maximum leverage offered decreases accordingly; as per the following table.

Please note that margin requirements for shares may be increased 5 business days prior to an upcoming company earnings report and/or corporate and/or other action. For more information, please click here.

Margin Requirement 4.00 % 8.00 % 15.00 % 60.00 %
French Shares < 20,000 < 100,000 < 800,000 800,000+
German Shares < 20,000 < 100,000 < 500,000 500,000+
UK Shares < 2,000 < 10,000 < 50,000 50,000+
US Shares * < 20,000 < 100,000 < 500,000 500,000+

* #Apple share has the following tiers:

Margin Requirement 4 % 12 % 20 % 30 % 60 %
#Apple < 1000 < 1800 < 2600 < 3400 3400+
Example 1 French Shares

Consider a EUR account with 19,000 Buy (or Sell) AirFrance Shares (French Shares)

No. of Shares Margin Requirement Opening Price Margin
19,000 4.0% 7.0 19,000(Shares) * 7.0 (Opening Price) * 4.0%(margin req.) = 5320 EUR
Example 2 German Shares

Consider a EUR account with 130,000 Buy (or Sell) Adidas Shares (German Shares)

No. of Shares Margin Requirement Opening Price Margin
20,000 4.0% 82.05 20,000 (Shares) * 82.05 (Opening Price) * 4.0%(margin req.)= 65,640.00 EUR
20,000-100,000 8.0% 82.05 80,000 (Shares) * 82.05 (Opening Price) * 8.0%(margin req.)= 525,120.00 EUR
100,000-130,000 15.00% 82.05 30,000 (Shares) * 82.05 (Opening Price) * 15%(margin req.)= 369,225.00 EUR
      Total Margin Required = 959,985.00 EUR
Example 3 UK Shares

Consider a EUR account with 55,000 Buy (or Sell) Tesco Shares (UK Shares)

No. of Shares Margin Requirement Opening Price Margin
2,000 4.0% 1.8 2,000 (Shares) * 1.8 (Opening Price) * 4.0% (margin req.) = 144.00 GBP
2,000-10,000 8.0% 1.8 8,000 (Shares) * 1.8 (Opening Price) * 8.0% (margin req.) = 1,152.00 GBP
10,000-50,000 15.00% 1.8 40,000 (Shares) * 1.8 (Opening Price) * 15% (margin req.) = 10,800.00 GBP
50,000-55,000 60.00% 1.8 5,000 (Shares) * 1.8 (Opening Price) * 60% (margin req.) = 5,400.00 GBP
      Total Margin Required: 17,496 GBP / 0.7 (EURGBP rate) = 24,994 EUR
Example 4 US Shares

Consider a EUR account with 90,000 Buy (or Sell) Apple Shares (US Shares)

No. of Shares Margin Requirement Opening Price Margin
20,000 4.0% 122 20,000 (Shares) * 122 (Opening Price) * 4.0% (margin req.)= 97,600.00 USD
20,000-90,000 8.0% 122 70,000 (Shares) * 122 (Opening Price) * 8.0% (margin req.)= 683,200.00 USD
      Total Margin Required: 780,800 USD / 1.4 (EURUSD rate) = 557,714 EUR

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