Question: How is margin requirement per order calculated on MT4 for FX and Metals?
For the currency pairs, where USD is the base currency (e.g. USDCHF), the margin is calculated the following way:
Margin = Contract size/Leverage
where Contract size = 100 000 USD × order size
For the currency pairs, where USD is not the base currency (e.g. EURUSD), the margin is calculated the following way:
Margin = Current quotation × Contract size / Leverage
where Contract size = 100 000 units base currency × order size
For the cross currency pairs (e.g. GBPJPY), the margin is calculated the following way:
Margin = Current rate of base currency to USD × Contract size / Leverage
where Contract size = 100 000 units base currency × order size
For the spot metals (e.g. XAUUSD), the margin is calculated the following way:
Margin = Current quotation × Contract size / Leverage
where Contract size = Lot size (in troy oz) × order size