fbpx
Search
Search
Didn't find what you were looking for? Visit our Help Centre or contact our Customer Support
  • Gold 1717.15
  • EURUSD 1.08456
  • GBPUSD 1.24351
  • USOIL 14.146
  • AAPL 283.25
  • S&P500 2798.50
Invest Responsibly: Trading CFDs involves significant risks.

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 Instruments Maximum
Leverage
(AXES LLC)
Maximum
Leverage
(AXES LLC)
Maximum
Leverage
(AXES LLC)
Forex Majors 1:500 1:30 1:30
Forex Minors 1:500 1:20 1:20
GOLD, GOLDEURO, GOLDoz, GOLDgr 1:200 1:20 1:20
SILVER, SILVEREURO 1:200 1:10 1:10
PLATINUM 1:50 1:10 1:10
Spot Indices Major 1:500 (cTrader 1:50) 1:20 1:20
Spot Indices Minor 1:100 (cTrader 1:50) 1:10 1:10
Future Indices Major 1:50 1:20 1:20
Future Indices Minor 1:50 1:10 1:10
Energy Spot 1:100 1:10 1:10
Energy Futures 1:100 1:10 1:10
Commodity Futures 1:50 1:10 1:10
US, UK, French & German Shares 1:25 1:5 1:5
Cryptos 1:20 - 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 Lots Maximum Leverage
0-100 Max 1:500
100-200 Max 1:200
200-300 Max 1:100
300-500 Max 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.

Lots Maximum Leverage Applicable Leverage Margin
5 1:30 1:30 5 (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:

Lots Maximum Leverage Applicable Leverage Margin
3 1:30 1:20 3 (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:

Lots Maximum Leverage Applicable Leverage Margin
0-100 1:500 1:50 100 (Lots) * 100,000 / 50 (leverage) = 200,000 USD
100-200 1:200 1:50 100 (Lots) * 100,000 / 50 (leverage) = 200,000 USD
200-300 1:100 1:50
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

Lots Maximum Leverage Applicable Leverage Margin
0-100 1:500 1:100 100 (Lots) * 100,000 / 100 (leverage) = 100,000 GBP
100-200 1:200 1:100 100 (Lots) * 100,000 / 100 (leverage) = 100,000 GBP
200-300 1:100 1:100 50 (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

Lots Maximum Leverage Applicable Leverage Margin
0-100 1:500 1:500 100 (Lots) * 100,000 / 500 (leverage) = 20,000 EUR
100-200 1:200 1:200 100 (Lots) * 100,000 / 200 (leverage) = 50,000 EUR
200-300 1:100 1:100 100 (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.

Symbols Lots Margin Requirement Maximum Leverage
GOLD, GOLDEURO, SILVER, SILVEREURO 0-50 0.5% 1:200
50.01-100 1% 1:100
100.01-150 2% 1:50
>150.01 4% 1:25
GOLDoz 0-5,000 0.5% 1:200
5,001-10,000 1% 1:100
10,001-15,000 2% 1:50
>15,001 4% 1:25
GOLDgr 0-155,500 0.5% 1:200
155,501-311,000 1% 1:100
311,001-466,500 2% 1:50
>466,500 4% 1:25
PLATINUM All 2% 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:

Lots Applicable Margin Requirement Margin Margin
3 5% 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:

Lots Applicable Margin Requirement Margin Margin
2 10% 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:

Lots Margin Requirement Applicable Margin Requirement Margin Margin
10 0.50% 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:

Lots Margin Requirement Applicable Margin Requirement Margin Margin USD
50 0.50% 1% 1% (margin req.) * 100 (oz) * 50 (Lots) * 1,250 (price of gold spot) $62,500.00
50 1.00% 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:

Lots Margin Requirement Applicable Margin Requirement Margin Margin USD
50 0.50% 0.50% 0.50% (margin req.) * 100 (oz) * 50 (Lots) * 1,250 (price of gold spot) $31,250.00
50 1.00% 1.00% 1.00% (margin req.) * 100 (oz) * 100 (Lots) * 1,250 (price of gold spot) $62,500.00
50 2.00% 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 Lots Margin Requirement Maximum Leverage
0-50 2% 1:50
50-100 4% 1:25
100-150 10% 1:10
150-300 16% 1:6.25
>300 20% 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:

Lots Applicable Margin Requirement Margin Margin USD
10 5% 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:

Lots Applicable Margin Requirement Margin Margin USD
15 10% 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:

Lots Margin Requirement Applicable Margin Requirement Margin Margin USD
10 2% 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:

Lots Margin Requirement Applicable Margin Requirement Margin Margin USD
50 2% 2% 50(Lots) *25(EUR) *12,000 (Opening Price) * 2%(margin req.) 300,000 EUR
50 4% 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:

Lots Margin Requirement Applicable Margin Requirement Margin Margin USD
50 2% 2% 50(Lots) *5($) *18,500 (Opening Price) * 2%(margin req.) $92,500
50 4% 4% 50(Lots) *5($) *18,500 (Opening Price) * 4%(margin req.) $185,000
50 10% 10% 50(Lots) *5($) *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 Lots Margin Requirement
0-20 0-20
20-100 20-100
>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:

Lots Applicable Margin Requirement Opening Price Margin
3 10% 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:

Lots Margin Requirement Applicable Margin Requirement Opening Price Margin
20 1% 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:

Lots Margin Requirement Applicable Margin Requirement Opening Price Margin
20 1% 1% 20(Lots) *1000 (Contract Size) * 55.75 (Opening Price) * 1%(margin req.) $11,150.00
30 2.5% 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:

Lots Margin Requirement Applicable Margin Requirement Opening Price Margin
20 1% 1% 20(Lots) *10000 (Contract Size) * 3.285 (Opening Price) * 1%(margin req.) $6,570.00
80 2.5% 2.5% 80(Lots) *10000 (Contract Size) * 3.285 (Opening Price) * 2.5%(margin req.) $65,700.00
50 5% 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 Requirement 0.20% 0.50% 1.00% 1.50% 2% 4% 10% 16% 20% (for greater than)
(AUS200, Euro50, France40, Germany30, Japan225, UK100, US30, USNDAQ100, USSPX500) 25 25 50 100 300 750 1,000 1,250 3,500
(ChinaA50, ChinaHShar, France120, Germany50, Swiss20, Spain35, US2000, GerTech30, Holland25, HongKong50, Poland20, UKmid250) - - 100 100 300 750 1,000 1,250 3,500

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:

Units Applicable Margin Req. Margin (Units*Margin Required*Opening Price) Margin Margin CCY
4 5% 4*5%*27082 5,416 USD

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:

Units Applicable Margin Req. Margin (Units*Margin Required*Opening Price) Margin Margin CCY
2 10% 2*10%*4438.50 887.70 EUR

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:

Units Size Range Margin Requirement Applicable Margin Req. Margin (Units*Margin Required*Opening Price) Margin Margin CCY
25 0-25 0.2% 2% 25*2%*20,000 10,000 USD
25 26-50 0.5% 2% 25*2%*20,000 10,000 USD
50 51-100 1.0% 2% 50*2%*20,000 20,000 USD
100 101-200 1.5% 2% 100*2%*20,000 40,000 USD
80 201-500 2.0% 2% 80*2%*20,000 32,000 USD
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:

Units Size Range Margin Requirement Applicable Margin Req. Margin (Units*Margin Required*Opening Price) Margin Margin CCY
50 0-50 0.75% 1% 50*1%*4,000 2,000 EUR
50 51-100 1% 1% 50*1%*4,000 2,000 EUR
100 101-200 1.5% 1.5% 100*1.5%*4,000 6,000 EUR
50 201-250 2% 2% 50*2%*4,000 4,000 EUR
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:

Units Size Range Margin Requirement Applicable Margin Req. Margin (Units*Margin Required*Opening Price) Margin Margin CCY
25 0-25 0.2% 0.2% 25*0.2%*7,300 365.00 GBP
25 26-50 0.5% 0.5% 25*0.5%*7,300 912.50 GBP
50 51-100 1.0% 1% 50*1%*7,300 3,650.00 GBP
100 101-200 1.5% 1.5% 100*1.5%*7,300 10,950.00 GBP
300 201-500 2.0% 2% 300*2%*7,300 43,800.00 GBP
50 501-550 4.0% 4% 50*4%*7,300 14,600.00 GBP
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 Requirement 4.00 % 10.00 % 20.00 % 60.00 %
French Shares < 25,000 < 50,000 < 75,000 75,000+
German Shares < 25,000 < 50,000 < 75,000 75,000+
UK Shares < 25,000 < 50,000 < 75,000 75,000+
US Shares * < 25,000 < 50,000 < 75,000 75,000+

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 USD Indicative No. of Shares Margin Requirement Opening Price Margin
21,450.00 1,500 20.0% 14.30 1,500(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 Shares Margin Requirement Opening Price Margin
$8,085 1,000 4.0% 7.0 1,000(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 Shares Margin Requirement Opening Price Margin
$25000 117 4.00% 185.50 $25,000 (Value USD) * 4.0%(margin req.) / 1.1550 = 865.80 EUR
$25000 117 10.0% 185.50 $25,000 (Value USD) * 10.0%(margin req.) / 1.1550 = 2,164.50 EUR
$14275.75 66 20.00% 185.50 $14,275.75 (Value USD) * 20%(margin req.) / 1.1550 = 2,471.99 EUR
$64275.75 300 Total 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 Shares Margin Requirement Opening Price Margin
$25000 7.487 4.0% 2.55 $25,000 (Value USD) * 4.0% (margin req.) / 1.3095 / 0.8850= 862.88 EUR
$25000 7.487 10.0% 2.55 $25,000 (Value USD) * 10.0% (margin req.) / 1.3095 / 0.8850= 2,157.20 EUR
$25000 7.487 20.00% 2.55 $25,000 (Value USD) * 20.0% (margin req.) / 1.3095 / 0.8850= 4,314.41 EUR
$8480.63 2,539 60.00% 2.55 $8,480.63 (Value USD) * 60.0% (margin req.) / 1.3095 / 0.8850= 4,390.67 EUR
$83480.63 25000 Total 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 Shares Margin Requirement Opening Price Margin
$25000 242 4.0% 103.25 $25,000 (Value USD) * 4.0% (margin req.) / 1.1550 = 865.80 EUR
$25000 242 10.0% 103.25 $25,000 (Value USD) * 10.0% (margin req.) / 1.1550 = 2,164.5 EUR
$22275 216 20.0% 103.25 $22,275 (Value USD) * 20.0% (margin req.) /1.1550 = 3,857.14 EUR
$72275 700 Total 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 1797.89
  • EUR/USD 1.14003
  • GBP/USD 1.25827
  • US2000 1461.06
  • #APPLE 384.32
  • S&P500 3200.5

Invest Responsibly: Trading CFDs involves significant risks.

ArabicBulgarianChinese (Simplified)Chinese (Traditional)CroatianCzechDanishDutchEnglishEstonianFinnishFrenchGermanHindiIndonesianItalianJapaneseKoreanLithuanianMalayNorwegianPolishPortugueseRomanianRussianSpanishSwedishThaiVietnamese