Merkanda Markets Ltd offers a diverse range of account types tailored to suit various trading needs and styles.
Each account type at Merkanda Markets Ltd is designed to provide you with the most suitable trading conditions based on your preferences and expertise, ensuring you have the right tools to achieve your trading goals.
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Well explained Leverage and Margin at Merkanda Markets Ltd!
With margin, leverage tends to be associated. You need to have an initial margin in your trading account to trade with leverage. Then, leverage helps you to trade wider positions than your initial margin amount. The Merkanda Markets Ltd leverage varies from a 1:1 to 30:1 scale. If you have $1,000 in your trading account , for example, and you want to use $500 of it to open a EUR / USD currency pair spot, your leverage ratio would be 30:1. This means you can maintain a position worth $15,000.
The margin is expressed as a percentage of the position's highest limit. For instance, if the requirement for the margin is 10% (which is 1:10 leverage) and you open a $10,000 position, the sum you would need to deposit is $1000. The free margin is the amount of money available in your account from which to open new positions. For instance, if your equity (total sum of money in your trading account, including gains and losses) is $11,000, and $1,000 (called used margin) is needed for your open positions, you would have $10,000 at your hands to open new positions.