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Margin Calculation Help

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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.

201684185_Screenshot(146).thumb.png.dcad6c9a46ec085fabcb1b044402f408.png

 

 

 

 

Edited by zphayu

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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.

201684185_Screenshot(146).thumb.png.dcad6c9a46ec085fabcb1b044402f408.png

 

 

 

 

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

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

image.png.f31d9f27aef9540659bcb17d4a7f2a2f.png

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