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A forex margin account is very similar to an equities margin account - the investor is taking a short-term loan from the broker. The loan is equal to the amount of leverage the investor is taking on. For accounts that will be trading in 100,000 currency units or more, the margin percentage is usually either 1% or 2%. I have flexible margin level and lowest spread level with Trade12 broker. I get the highest feedback due to this facility.
Now a days people choosing forex market as their income source because it’s huge opportunities. In my trading career, I have chosen Circle Markets which always ensures lowest trading spreads from 0.2 pips which is very supportive to make profit with certainly by using any kinds of trading strategies. As a scalper, I did not face any problem yet. Even they did not ban my account for scalping which I have faced with earlier broker.
Margin is one of the most important concepts of Forex trading. However, a lot of people don't understand its significance or simply misunderstand the term. I trade with Forex4you and trading successfully with the help of my broker. According to me what I know, a margin is not a fee or a transaction cost, but instead a portion of your account equity set aside and assigned as a margin deposit.
Margin comes from the actual capital that you deposited account. You can see your Free Margin on your trading platform. You can use this margin to open new positions or cover open ones in the event of a Margin Call.Your Margin gives you access to leverage. If you don’t have the required Margin in your account, you won’t be able to place a leveraged trade. ANd for leverage, i use 1:500 in FXB Trading. but you can use leverage up to 1:1000
At FXB Trading, you have the ultimate flexibility to boost your trading power with leverage that starts at 1:1 and goes all the way up to a massive 1:1000.