To know how much funds you need to open a trade, you can use the Trading Calculator on our site.
Choose the account type, trading tool, lot size, currency of your account, and leverage.
Click on “Calculate,” and in the table below, you will see the needed margin (the amount of funds you need to open an order).
In a Standard account with EURUSD currency pair, 0.1 lot, and leverage of 1:3000, you'd need approximately $3.77 to open this order.
Where:
Trading tool - is the trading instrument that you are going to trade;
Lot size - is the volume of your order, how much you are going to trade;
Currency - is the currency of your trading account (EUR or USD);
Leverage - is the current leverage of your account;
Ask price - is the approximate Ask price for this currency pair at the moment;
Bid Price - is the approximate Bid price for this currency pair at the moment;
Contract size - is the size of the contract of the particular trading instrument you’ve selected, changes according to the chosen lot size;
Point value - shows the cost of one point for this currency pair;
Spread - is the amount of the commission you pay to your broker for this particular order;
Swap long - is the interest rate that will be applied to your trade if you open a buy order and keep the position overnight;
Swap short - is the interest rate that will be applied to your sell order if you hold it overnight;
Margin - is the minimum amount you need to have in your account to open the particular order;