78% of retail investor accounts lose money when trading CFD with this provider. You should consider whether you can afford to take the high risk of losing your money.
In Forex trading, the maximum quantity of units you can buy using margin is calculated as follows:
Capital * leverage = Maximum Quantity
For example:
If your account is in GBP and you wish to trade GBP/USD, and you have 5000 GBP capital with a leverage of 1:30:
5000 * (1:30) = approx. 150000 units of Forex.
If your account currency is different from the traded forex couple, for example, your account currency is GBP, and you wish to trade EUR/USD, the maximum quantity will be based on the exchange rate of GBP/EUR.
How to calculate the maximum quantity of other CFD instruments?
If you are trading any other instrument, the maximum quantity of units is calculated in the following way:
Price * % (MARGIN) = Leveraged Price
Capital/ leveraged Price = Maximum Quantity Units
For example:
If you would like to trade with a long 'Buy' position of Gold at $1,730, and you have $5000 capital with a margin of 5%:
$1,730 * (0.05) = $87.5
5000 / 87.5 = approx. 57 units of Gold.
If your account currency is different from the traded instrument, the relevant exchange rate at the time of your trade will apply.