|
Yes, you need to deposit funds to start trading. A minimum deposits amount depends on the account type. Also, each payment method has a minimum deposit amount per transaction. The required minimum deposit depends as well on the instrument's margin requirements and current price. Margin requirements = current price * volume * contract size * margin rate. Please note that this formula is applied to the example mentioned here, and the margin requirement calculation may differ for different instruments (like cross/minor pairs).Example: If you want to buy a 0.1 EUR/USD pair (contract size 100,000) at a current price of 1.35 and a margin ratio of 3.33%The margin requirements would be: 0.1 * 100,000 * 0.0333 * 1.35 = USD 449.55For more details on the minimum deposit, please click here. |