How to calculate Margin?

Margin = lots*contract size*market price*(200/100)/leverage

Example: Customer trade 1 lot SP500, contract size is 50, with leverage 1:200 and market price at opening time of SP500 is 1988.50

Margin = 1 * 50 * 1988.50 *(200/100) / 200 = 994.275 USD

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