What is the formula used for calculating Margin?
On FX pairs. (lots*contract size*market price/leverage or lots*contract size*market price*margin percentage) – amount in quote currency.
For Metals. (Gold and Silver) with a fixed margin requirement (lots*contract size*market price/leverage or lots*contract size*market price*margin percentage) – amount in quote currency.
For Cash Indices. (lots*contract size*market price/leverage or lots*contract size*market price*margin percentage) – amount in Index Currency.
For Commodities. (like USOil) (lots*contract size*market price/leverage or lots*contract size*market price*margin percentage) – amount in CFD Currency.
For Cryptocurrencies. (lots*contract size*market price/leverage or lots*contract size*market price*margin percentage) – amount in quote currency.