Instrument: In this field traders can select from several forex crosses, including major and minor pairs, from the most popular cryptocurrencies (ADA, BTC, DOGE, ETH, LTC, Stellar, Ripple, etc), popular inidces and commodities, such as Gold, Silver and Oil. For our example, we will choose the EUR/USD.

Deposit currency: Margin values differ for forex pairs, and other financial instruments, and are subject to the current market quote. By selecting the deposit currency, it will be possible to accurately display the margin required to open a position, for the selected instrument, in the choosen currency (from AUD to ZAR). We will choose GBP as our deposit currency, for this example.

Leverage: In this field traders just need to input a leverage ratio. This could be the current leverage offered by the broker, or any other ratio, from as little as 1:1 to 6000:1 to simulate the amount of margin used to open a position. For our example, we will select a leverage of 30:1.

Lots (trade size): Just enter the lot size. Remember, in forex 1 lot is 100,000 currency units per lot, but units per lot vary for non-forex pairs. So, in this field there’s also the option of switching between lots and units for the calculations. For our example, we will use a trade size of 0.10.

Next, we click the “Calculate” button.

The results: Using all the data above the Leverage & Margin Calculator tell us that to open a trade position, long or short, of a 0.10 lot EUR/USD, with 30:1 leverage, and with the current EUR/GBP exchange rate of 0.90367, we would need a margin of 301,22 GBP.