MT4 brokers only
Interbank STD accounts are excellent for major margin calculations.
They calculate margin like this for each Micro lot in STD account like this
EURUSD is 0.01 * 1000 = $10.00
GBPUSD is 0.01 * 1000 = $10.00
USDCHF is 0.01 * 1000 = $10.00
AUDUSD is 0.01 * 1000 = $10.00
Margin is adjusted for hedging. If you have three trades of the EURUSD, say 2 buys and 1 Sell, the margin would be $20.00 ( Thats 0.01 traded) and not $30.00.
Other brokers Velocity4x, FXDD, UGM calculate margin like this for micro lot in STD
EURUSD is 0.01 * 1000 * 1.314 = $13.14
GBPUSD is 0.01 * 1000 * 1.926 = $19.26
USDCHF is 0.01 * 1000 * 1 = $10.00
AUDUSD is 0.01 * 1000 * 0.77 = $7.70
FXDD and UGM allow margin to be adjusted for hedging, Velocity4x does not ( ie $30 margin for three trades as described above).
QUESTION : Are the other MT4 brokers out there that calculate margin for the majors the same way Interbankfx does ?
Why I ask this is that Interbankfx is not the best in other areas.
Please advise...
Interbank STD accounts are excellent for major margin calculations.
They calculate margin like this for each Micro lot in STD account like this
EURUSD is 0.01 * 1000 = $10.00
GBPUSD is 0.01 * 1000 = $10.00
USDCHF is 0.01 * 1000 = $10.00
AUDUSD is 0.01 * 1000 = $10.00
Margin is adjusted for hedging. If you have three trades of the EURUSD, say 2 buys and 1 Sell, the margin would be $20.00 ( Thats 0.01 traded) and not $30.00.
Other brokers Velocity4x, FXDD, UGM calculate margin like this for micro lot in STD
EURUSD is 0.01 * 1000 * 1.314 = $13.14
GBPUSD is 0.01 * 1000 * 1.926 = $19.26
USDCHF is 0.01 * 1000 * 1 = $10.00
AUDUSD is 0.01 * 1000 * 0.77 = $7.70
FXDD and UGM allow margin to be adjusted for hedging, Velocity4x does not ( ie $30 margin for three trades as described above).
QUESTION : Are the other MT4 brokers out there that calculate margin for the majors the same way Interbankfx does ?
Why I ask this is that Interbankfx is not the best in other areas.
Please advise...