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Specifications

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 Axes entities is explained in more detail below.

Financial InstrumentsMaximum
Leverage
(AXES LLC)
Maximum
Leverage
(AXES LLC)
Maximum
Leverage
(AXES LLC)
Forex Majors1:5001:301:30
Forex Minors1:5001:201:20
GOLD, GOLDEURO, GOLDoz, GOLDgr1:2001:201:20
SILVER, SILVEREURO1:2001:101:10
PLATINUM1:501:101:10
Spot Indices Major1:500 (cTrader 1:50)1:201:20
Spot Indices Minor1:100 (cTrader 1:50)1:101:10
Future Indices Major1:501:201:20
Future Indices Minor1:501:101:10
Energy Spot1:1001:101:10
Energy Futures1:1001:101:10
Commodity Futures1:501:101:10
US, UK, French & German Shares1:251:51:5
Cryptos1:20-1:2
Forex Leverage

Axes uses a dynamic forex leverage model on MT5 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 LotsMaximum Leverage
0-100Max 1:500
100-200Max 1:200
200-300Max 1:100
300-500Max 1:50
500+Max 1:33

Note: Maximum leverage for ZAR crosses is 1:100, for CNH, ILS, THB & RUB crosses is 1:50, and for DKK, CZK, HKD, TRY & SGD crosses is 1:20.

Client Account Leverage – 1:30

Consider a EUR account with  5 Buy (or Sell) lots  EURUSD.

LotsMaximum LeverageApplicable LeverageMargin
51:301:305 (Lots) * 100,000 / 30 (leverage) = 16,666.67 EUR
Total Required Margin: 16,666.67 EUR

Client Account Leverage – 1:30

Consider a AUD account with  3 Buy (or Sell) lots AUDCAD. In this example, the symbols’ leverage is less than the account’s leverage, so the margin required would be as below:

LotsMaximum LeverageApplicable LeverageMargin
31:301:203 (Lots) * 100,000 / 20 (leverage) = 15,000 AUD
Total Required Margin: 15,000 AUD

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:

LotsMaximum LeverageApplicable LeverageMargin
0-1001:5001:50100 (Lots) * 100,000 / 50 (leverage) = 200,000 USD
100-2001:2001:50100 (Lots) * 100,000 / 50 (leverage) = 200,000 USD
200-3001:1001:50
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

LotsMaximum LeverageApplicable LeverageMargin
0-1001:5001:100100 (Lots) * 100,000 / 100 (leverage) = 100,000 GBP
100-2001:2001:100100 (Lots) * 100,000 / 100 (leverage) = 100,000 GBP
200-3001:1001:10050 (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

LotsMaximum LeverageApplicable LeverageMargin
0-1001:5001:500100 (Lots) * 100,000 / 500 (leverage) = 20,000 EUR
100-2001:2001:200100 (Lots) * 100,000 / 200 (leverage) = 50,000 EUR
200-3001:1001:100100 (Lots) * 100,000 / 100 (leverage) = 100,000 EUR
Total Required Margin: 170,000 EUR

Utilised Leverage is 1:176.47

Metals Margin Requirements

Axes uses a dynamic leverage model on the MT5 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.

SymbolsLotsMargin RequirementMaximum Leverage
GOLD, GOLDEURO, SILVER, SILVEREURO0-500.5%1:200
50.01-1001%1:100
100.01-1502%1:50
>150.014%1:25
GOLDoz0-5,0000.5%1:200
5,001-10,0001%1:100
10,001-15,0002%1:50
>15,0014%1:25
GOLDgr0-155,5000.5%1:200
155,501-311,0001%1:100
311,001-466,5002%1:50
>466,5004%1:25
PLATINUMAll2%1:50

Client Account Leverage – 1:30

Consider a USD account with  3 Buy (or Sell) lot of Gold at spot price of 1,500 USD. In this example, the symbols’ leverage is less than the account’s leverage, so the margin required would be as below:

LotsApplicable Margin RequirementMarginMargin
35%5% (margin req.) * 100 (oz) * 3 (Lots) * 1,500 (price of gold spot)$22,500.00

Client Account Leverage – 1:30

Consider a USD account with  2 Buy (or Sell) lot of Silver at spot price of 17.833 USD. In this example, the symbols’ leverage is less (1:10) than the account’s leverage (1:30), so the margin required would be as below:

LotsApplicable Margin RequirementMarginMargin
210%10% (margin req.) * 5000 (oz) * 2 (Lots) * 17.833 (price of Silver spot)$17,833.00

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:

LotsMargin RequirementApplicable Margin RequirementMarginMargin
100.50%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:

LotsMargin RequirementApplicable Margin RequirementMarginMargin USD
500.50%1%1% (margin req.) * 100 (oz) * 50 (Lots) * 1,250 (price of gold spot)$62,500.00
501.00%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:

LotsMargin RequirementApplicable Margin RequirementMarginMargin USD
500.50%0.50%0.50% (margin req.) * 100 (oz) * 50 (Lots) * 1,250 (price of gold spot)$31,250.00
501.00%1.00%1.00% (margin req.) * 100 (oz) * 100 (Lots) * 1,250 (price of gold spot)$62,500.00
502.00%2.00%2.00% (margin req.) * 100 (oz) * 100 (Lots) * 1,250 (price of gold spot)$125,000.00
Total Margin Required = $218,750.00

Utilised Leverage is 1:85.7

Futures Margin Requirements

Axes uses a dynamic leverage model on 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 LotsMargin RequirementMaximum Leverage
0-502%1:50
50-1004%1:25
100-15010%1:10
150-30016%1:6.25
>30020%1:5

Client Account Leverage – 1:30

Consider a EUR account with  10 Buy (or Sell) lots of DAX Future at 12,400. In this example, the symbols’ leverage is less (1:20) than the account’s leverage (1:30), so the margin required would be as below:

LotsApplicable Margin RequirementMarginMargin USD
105%10(Lots) *25(EUR) *12,400 (Opening Price) * 5%(margin req.)155000 EUR

Client Account Leverage – 1:30

Consider a CHF account with  15 Buy (or Sell) lots of Swiss20 Future at 10020. In this example, the symbols’ leverage is less (1:10) than the account’s leverage (1:30), so the margin required would be as below:

LotsApplicable Margin RequirementMarginMargin USD
1510%15(Lots) *10(CHF) *10020 (Opening Price) * 10%(margin req.)150300 CHF

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:

LotsMargin RequirementApplicable Margin RequirementMarginMargin USD
102%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:

LotsMargin RequirementApplicable Margin RequirementMarginMargin USD
502%2%50(Lots) *25(EUR) *12,000 (Opening Price) * 2%(margin req.)300,000 EUR
504%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:

LotsMargin RequirementApplicable Margin RequirementMarginMargin USD
502%2%50(Lots) *5($) *18,500 (Opening Price) * 2%(margin req.)$92,500
504%4%50(Lots) *5($) *18,500 (Opening Price) * 4%(margin req.)$185,000
5010%10%50(Lots) *5($) *18,500 (Opening Price) * 10%(margin req.)$462,500
Total Margin Required = $740,000

Utilised Leverage is 1:18.75

Energy Futures / Spot Margin Requirements

Axes 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 LotsMargin Requirement
0-200-20
20-10020-100
>100>100

Client Account Leverage – 1:30

Consider a USD account with  3 Buy (or Sell) lot of WTI at spot price of 55.10 USD. In this example, the symbols’ leverage is less (1:10) than the account’s leverage (1:30), so the margin required would be as below:

LotsApplicable Margin RequirementOpening PriceMargin
310%10%(margin req.) *1000 (Contract Size) * 3 (Lots) * 55.10(price of WTI spot)$16530.00

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:

LotsMargin RequirementApplicable Margin RequirementOpening PriceMargin
201%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:

LotsMargin RequirementApplicable Margin RequirementOpening PriceMargin
201%1%20(Lots) *1000 (Contract Size) * 55.75 (Opening Price) * 1%(margin req.)$11,150.00
302.5%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:

LotsMargin RequirementApplicable Margin RequirementOpening PriceMargin
201%1%20(Lots) *10000 (Contract Size) * 3.285 (Opening Price) * 1%(margin req.)$6,570.00
802.5%2.5%80(Lots) *10000 (Contract Size) * 3.285 (Opening Price) * 2.5%(margin req.)$65,700.00
505%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

Indices Margin Requirements

Axes 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 Requirement0.20%0.50%1.00%1.50%2%4%10%16%20% (for greater than)
(AUS200, Euro50, France40, Germany30, Japan225, UK100, US30, USNDAQ100, USSPX500)2525501003007501,0001,2503,500
(ChinaA50, ChinaHShar, France120, Germany50, Swiss20, Spain35, US2000, GerTech30, Holland25, HongKong50, Poland20, UKmid250)--1001003007501,0001,2503,500

Client Account Leverage – 1:30

Consider a USD account with  4 Buy (or Sell) lot of #US30 at spot price of 27082. In this example, the symbols’ leverage is less (1:20) than the account’s leverage (1:30), so the margin required would be as below:

UnitsApplicable Margin Req.Margin (Units*Margin Required*Opening Price)MarginMargin CCY
45%4*5%*270825,416USD

Client Account Leverage – 1:30

Consider a EUR account with  2 Buy (or Sell) lot of #France120 at spot price of 4438.50. In this example, the symbols’ leverage is less (1:10) than the account’s leverage (1:30), so the margin required would be as below:

UnitsApplicable Margin Req.Margin (Units*Margin Required*Opening Price)MarginMargin CCY
210%2*10%*4438.50887.70EUR

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:

UnitsSize RangeMargin RequirementApplicable Margin Req.Margin (Units*Margin Required*Opening Price)MarginMargin CCY
250-250.2%2%25*2%*20,00010,000USD
2526-500.5%2%25*2%*20,00010,000USD
5051-1001.0%2%50*2%*20,00020,000USD
100101-2001.5%2%100*2%*20,00040,000USD
80201-5002.0%2%80*2%*20,00032,000USD
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:

UnitsSize RangeMargin RequirementApplicable Margin Req.Margin (Units*Margin Required*Opening Price)MarginMargin CCY
500-500.75%1%50*1%*4,0002,000EUR
5051-1001%1%50*1%*4,0002,000EUR
100101-2001.5%1.5%100*1.5%*4,0006,000EUR
50201-2502%2%50*2%*4,0004,000EUR
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:

UnitsSize RangeMargin RequirementApplicable Margin Req.Margin (Units*Margin Required*Opening Price)MarginMargin CCY
250-250.2%0.2%25*0.2%*7,300365.00GBP
2526-500.5%0.5%25*0.5%*7,300912.50GBP
5051-1001.0%1%50*1%*7,3003,650.00GBP
100101-2001.5%1.5%100*1.5%*7,30010,950.00GBP
300201-5002.0%2%300*2%*7,30043,800.00GBP
50501-5504.0%4%50*4%*7,30014,600.00GBP
Total Margin Required = 74,277.50 GBP

Utilised Leverage is 1:54.05

Shares Margin Requirements

Axes 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 Requirement4.00 %10.00 %20.00 %60.00 %
French Shares< 25,000< 50,000< 75,00075,000+
German Shares< 25,000< 50,000< 75,00075,000+
UK Shares< 25,000< 50,000< 75,00075,000+
US Shares *< 25,000< 50,000< 75,00075,000+

Client Account Leverage – 1:30

Consider an EUR account with  1500 shares Buy (or Sell) of #Lufthansa at 14.30 EUR. In this example, the symbols’ leverage is less (1:5) than the account’s leverage (1:30), so the margin required would be as below:

Volume in USDIndicative No. of SharesMargin RequirementOpening PriceMargin
21,450.001,50020.0%14.301,500(Shares) * 14.30 (Opening Price) * 20.0%(margin req.) = 4290 EUR
Total Margin Required = 4290 EUR

Consider a EUR account with 1,000 Buy (or Sell) AirFrance Shares (French Shares) @ EUR7.00 with EURUSD @ 1.1550

Volume in USD*Indicative No. of SharesMargin RequirementOpening PriceMargin
$8,0851,0004.0%7.01,000(Shares) * 7.0 (Opening Price) * 4.0%(margin req.) = 280 EUR
Total Margin Required = 280 EUR

* EURUSD rate is used to convert the €7,000 value (1,000 shares x €7.00) to $8,085 value traded.

Consider a EUR account with 300 Buy (or Sell) Adidas Shares (German Shares) @ EUR185.50 with EURUSD @ 1.1550

Volume in USD *Indicative No. of SharesMargin RequirementOpening PriceMargin
$250001174.00%185.50$25,000 (Value USD) * 4.0%(margin req.) / 1.1550 = 865.80 EUR
$2500011710.0%185.50$25,000 (Value USD) * 10.0%(margin req.) / 1.1550 = 2,164.50 EUR
$14275.756620.00%185.50$14,275.75 (Value USD) * 20%(margin req.) / 1.1550 = 2,471.99 EUR
$64275.75300Total Margin Required = 5,502.29 EUR

* EURUSD rate is used to convert the €55,650 value (300 shares x €185.50) to $64,275.75 value traded.

Consider a EUR account with 25,000 Buy (or Sell) Tesco Shares (UK Shares) @ GBP2.55 with GBPUSD @ 1.3095 and EURGBP @ 0.8850

Volume in USD *Indicative No. of SharesMargin RequirementOpening PriceMargin
$250007.4874.0%2.55$25,000 (Value USD) * 4.0% (margin req.) / 1.3095 / 0.8850= 862.88 EUR
$250007.48710.0%2.55$25,000 (Value USD) * 10.0% (margin req.) / 1.3095 / 0.8850= 2,157.20 EUR
$250007.48720.00%2.55$25,000 (Value USD) * 20.0% (margin req.) / 1.3095 / 0.8850= 4,314.41 EUR
$8480.632,53960.00%2.55$8,480.63 (Value USD) * 60.0% (margin req.) / 1.3095 / 0.8850= 4,390.67 EUR
$83480.6325000Total Margin Required: = 11,725.16 EUR

* GBPUSD rate is used to convert the £63,750 value (25,000 shares x £2.55) to $83,480.63 value traded.

* EURGBP rate is to convert the Margin required from GBP to EUR (account base currency).

Consider a EUR account with 700 Buy (or Sell) JPMorgan Shares (US Shares) @ USD103.25 with EURUSD @ 1.1550

Volume in USD *Indicative No. of SharesMargin RequirementOpening PriceMargin
$250002424.0%103.25$25,000 (Value USD) * 4.0% (margin req.) / 1.1550 = 865.80 EUR
$2500024210.0%103.25$25,000 (Value USD) * 10.0% (margin req.) / 1.1550 = 2,164.5 EUR
$2227521620.0%103.25$22,275 (Value USD) * 20.0% (margin req.) /1.1550 = 3,857.14 EUR
$72275700Total Margin Required: = 6,887.45 EUR

* EURUSD rate is used to convert the 7,955 USD Margin Requirement to EUR 6,887.45 (account base currency $7,955/1.1550).

  • GOLD 1860.79
  • EUR/USD 1.16299
  • GBP/USD 1.27432
  • CHN50 15107.48
  • #APPLE 112.32
  • S&P500 3284.75

Invest Responsibly: Trading CFDs involves significant risks.

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