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Margin Requirements
GFX offers margin requirements of as little as $500 per lot, or
about 0.5%. Margin requirements increase with position
size as per the below table:
|
Open Positions
|
Margin Requirement |
Approximate Leverage |
|
0 - 10 lots |
$500 per lot |
0.5% |
|
11 - 50 lots |
$1000 per lot |
1.0% |
|
50+ lots |
$2000 per lot |
2.0% |
Both Used Margin and available margin
("Usable Margin") are displayed in real-time in the Account
Information window of the GFX trading software:
GFX GlobalTrader Accounts also allow trading in fractional lots, and margin
requirements are computed accordingly. For example, a
trader who opens a 0.4 lot position of GBP/USD will need to have
0.4 x $500 = $200 of Usable Margin.
Margin requirements on metals are also $500 per lot.
Please see metals
for details on contract sizes and other specifications.
Margin Call Procedures
If Usable Margin drops below zero, some or all of your positions
will be closed at the market until Usable Margin is greater than
zero. Usable Margin is displayed in real-time in the
upper-right corner of the trading window ("Account
Information"). It is calculated as account Equity less
Used Margin. If a Margin Call occurs in Live trading, GFX will
make an effort to close out the minimum number of positions
possible in order to bring Usable Margin above zero. However,
we encourage clients to avoid margin calls by using Stop orders
or by adding funds to their account as needed.
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