Margin Calculation Help

[zphayu]

I am new to forex trading and was using IG demo account.  I knew that the contract size for EUR/USD is 100000 and margin is 0.5%.

How does the margin (€ 3329.99 ) calculated? What does the phrase "US$10.00 per point" meant?

Thank you.

 

 

 

 

Edited February 10, 2020 by zphayu

[Caseynotes]

7 hours ago, zphayu said:

I am new to forex trading and was using IG demo account.  I knew that the contract size for EUR/USD is 100000 and margin is 0.5%.

How does the margin (€ 3329.99 ) calculated? What does the phrase "US$10.00 per point" meant?

Thank you.

 

 

 

 

Hi, you will need to go through the sample calcs linked on this page;

https://www.ig.com/uk/charges/margin