Execution and leverage information
Please read the below information regarding the order execution policy on each of our 3 main trading platforms. Please note that the maximum leverage offered by FxPro's entities is explained in more detail below.
| Financial Instruments | Maximum Leverage (FxPro Global Markets Ltd) |
Maximum Leverage (FxPro Global Markets MENA Ltd) |
Maximum Leverage (FxPro Financial Services Ltd) |
Maximum Leverage (FxPro UK Limited) |
|---|---|---|---|---|
| Forex Majors | 1:500 | 1:50 | 1:30 | 1:30 |
| Forex Minors | 1:500 | 1:20 | 1:20 | 1:20 |
| GOLD, GOLDEURO, GOLDoz, GOLDgr | 1:200 | 1:50 | 1:20 | 1:20 |
| SILVER, SILVEREURO | 1:200 | 1:20 | 1:10 | 1:10 |
| PLATINUM | 1:50 | 1:20 | 1:10 | 1:10 |
| Spot Indices Major | 1:500 (cTrader 1:50) | 1:50 | 1:20 | 1:20 |
| Spot Indices Minor | 1:200 (cTrader 1:50) | 1:20 | 1:10 | 1:10 |
| Future Indices Major | 1:50 | 1:50 | 1:20 | 1:20 |
| Future Indices Minor | 1:50 | 1:20 | 1:10 | 1:10 |
| Energy Spot | 1:100 | 1:20 | 1:10 | 1:10 |
| Energy Futures | 1:100 | 1:20 | 1:10 | 1:10 |
| Commodity Futures | 1:50 | 1:20 | 1:10 | 1:10 |
| US, UK, French & German Shares | 1:25 | 1:10 | 1:5 | 1:5 |
| Cryptos | 1:20 | - | - | 1:2 |
FxPro uses a dynamic forex leverage model on the MT4, MT5 and cTrader platforms which automatically adapts to the 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; thus 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 |
Note: Maximum leverage for TRY & ZAR crosses is 1:100, for CNH, ILS, THB & RUB crosses is 1:50, and for DKK, CZK, HKD & SGD crosses is 1:20.
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
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
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
FxPro uses a dynamic leverage model on the MT4, MT5 and cTrader 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.
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 | 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 | |
| PLATINUM | All | 2% | 1:50 |
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 |
|---|---|---|---|---|
| 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
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
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 = $156,250.00 | ||||
Utilised Leverage is 1:120
FxPro uses a dynamic leverage model on the MT4 and MT5 platforms for trading futures, which automatically adapts to clients' trading positions. As the trading volume per Instrument of a client increases, the maximum leverage offered decreases accordingly; as per the following table.
| Open Lots | Margin Requirement | Maximum Leverage |
|---|---|---|
| 0-50 | 2% | 1:50 |
| 50-100 | 4% | 1:25 |
| 100-150 | 10% | 1:10 |
| 150-300 | 16% | 1:6.25 |
| >300 | 20% | 1:5 |
Client Account Leverage – 1:50
Consider a USD account with 10 Buy (or Sell) lots of Dow Jones Future at 20,000 . In this example, the account leverage equals the symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:
| Lots | Margin Requirement | Applicable Margin Requirement | Margin | Margin USD |
|---|---|---|---|---|
| 10 | 2% | 2% | 10(Lots) *5($) *20,000 (Opening Price) * 2%(margin req.) | $20,000.00 |
| Total Margin Required = $20,000.00 | ||||
Utilised Leverage is 1:50
Client Account Leverage – 1:100
Consider a EUR account with 100 Buy (or Sell) lots of DAX Future at 12,000 . In this example, the account leverage is greater than the symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:
| Lots | Margin Requirement | Applicable Margin Requirement | Margin | Margin USD |
|---|---|---|---|---|
| 50 | 2% | 2% | 50(Lots) *25(EUR) *12,000 (Opening Price) * 2%(margin req.) | 300,000 EUR |
| 50 | 4% | 4% | 50(Lots) *25(EUR) *12,000 (Opening Price) * 4%(margin req.) | 600,000 EUR |
| Total Margin Required = 900,000 EUR | ||||
Utilised Leverage is 1:33.33
Client Account Leverage – 1:500
Consider a USD account with 150 Buy (or Sell) lots of Nikkei225 Future at 18,500 . In this example, the account leverage is greater than the symbols’ relevant values in the Leverage Monitor table, so the margin required would be as below:
| Lots | Margin Requirement | Applicable Margin Requirement | Margin | Margin USD |
|---|---|---|---|---|
| 50 | 2% | 2% | 50(Lots) *5($) *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
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% |
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
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
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
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 that on the cTrader platform dynamic leverage is not applicable for indices.
| Margin Requirement | 0.20% | 0.50% | 0.75% | 1.00% | 1.50% | 2% | 4% | 10% | 16% | 20% (for greater than) |
|---|---|---|---|---|---|---|---|---|---|---|
| (AUS200, Euro50, France40, Germany30, Japan225, UK100, US30, USNDAQ100, USSPX500) | 25 | 25 | - | 50 | 100 | 300 | 750 | 1,000 | 1,250 | 3,500 |
| (Swiss20, Spain35, US2000) | - | 25 | 25 | 50 | 100 | 300 | 750 | 1,000 | 1,250 | 3,500 |
| (Canada60, ChinaA50, ChinaHStar, France120, Germany50, GerTech30, Greece25, Holland25, HongKong50, Poland20, SAfrica40, UK_Mid250) | - | - | - | 100 | 100 | 300 | 750 | 1,000 | 1,250 | 3,500 |
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
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
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
FxPro uses a dynamic leverage model for trading shares, which automatically adapts to clients' trading positions. As the exposure 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 up to 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 % | 10.00 % | 20.00 % | 60.00 % |
|---|---|---|---|---|
| French Shares | < 25,000 | < 50,000 | < 75,000 | 75,000+ |
| German Shares | < 25,000 | < 50,000 | < 75,000 | 75,000+ |
| UK Shares | < 25,000 | < 50,000 | < 75,000 | 75,000+ |
| US Shares * | < 25,000 | < 50,000 | < 75,000 | 75,000+ |
Consider a EUR account with 1,000 Buy (or Sell) AirFrance Shares (French Shares) @ EUR7.00 with EURUSD @ 1.1550
| No. of Shares | Value USD | Margin Requirement | Opening Price | Margin |
|---|---|---|---|---|
| 1,000 | $8,085 | 4.0% | 7.0 | 1,000(Shares) * 7.0 (Opening Price) * 4.0%(margin req.) = 280 EUR |
| Total Margin Required = 280 EUR |
Consider a EUR account with 300 Buy (or Sell) Adidas Shares (German Shares) @ EUR185.50 with EURUSD @ 1.1550
| No. of Shares | Value USD | Margin Requirement | Opening Price | Margin |
|---|---|---|---|---|
| 25,000 | $64,275.75 | 4.00% | 185.50 | $25,000 (Value USD) * 4.0%(margin req.) / 1.1550 = 865.80 EUR |
| 25,000 | 10.0% | 185.50 | $25,000 (Value USD) * 10.0%(margin req.) / 1.1550 = 2,164.50 EUR | |
| 100,000-130,000 | 20.00% | 185.50 | $14,275.75 (Value USD) * 20%(margin req.) / 1.1550 = 2,471.99 EUR | |
| Total Margin Required = 5,502.29 EUR |
Consider a EUR account with 25,000 Buy (or Sell) Tesco Shares (UK Shares) @ GBP2.55 with GBPUSD @ 1.3095 and EURGBP @ 0.8850
| No. of Shares | Value USD | Margin Requirement | Opening Price | Margin |
|---|---|---|---|---|
| 25,000 | $83,480.63 | 4.0% | 2.55 | $25,000 (Value USD) * 4.0% (margin req.) / 1.3095 / 0.8850= 862.88 EUR |
| 25,000 | 10.0% | 2.55 | $25,000 (Value USD) * 10.0% (margin req.) / 1.3095 / 0.8850= 2,157.20 EUR | |
| 25,000 | 20.00% | 2.55 | $25,000 (Value USD) * 20.0% (margin req.) / 1.3095 / 0.8850= 4,314.41 EUR | |
| $8,480.63 | 60.00% | 2.55 | $8,480.63 (Value USD) * 60.0% (margin req.) / 1.3095 / 0.8850= 4,390.67 EUR | |
| Total Margin Required: = 11,725.16 EUR |
Consider a EUR account with 700 Buy (or Sell) JPMorgan Shares (US Shares) @ USD103.25 with EURUSD @ 1.1550
| No. of Shares | Value USD | Margin Requirement | Opening Price | Margin |
|---|---|---|---|---|
| 700 | $72,275 | 4.0% | 103.25 | $25,000 (Value USD) * 4.0% (margin req.) / 1.1550 = 865.80 EUR |
| 20,000-90,000 | 10.0% | 103.25 | $25,000 (Value USD) * 10.0% (margin req.) / 1.1550 = 2,164.5 EUR | |
| 20,000-90,000 | 20.0% | 103.25 | $22,275 (Value USD) * 20.0% (margin req.) /1.1550 = 3,857.14 EUR | |
| Total Margin Required: = 6,887.45 EUR |