InterBank Margin Calcs, Any others like them ?
MT4 brokers only
Interbank STD accounts are excellent for major margin calculations.
They compute margin like this for every Micro lot in STD account like this
EURUSD is 0.01 * 1000 = $10.00
GBPUSD is 0.01 * 1000 = $10.00
USDCHF is 0.01 * 1000 = $10.00
AUDUSD is 0.01 * 1000 = $10.00
Margin is corrected for hedging. In case you've got three transactions of this EURUSD, state 2 buys and 1 market, the margin will be $20.00 ( Thats 0.01 traded) rather than $30.00.
Other brokers Velocity4x, FXDD, UGM calculate margin like this for micro lot in STD
EURUSD is 0.01 * 1000 * 1.314 = $13.14
GBPUSD is 0.01 * 1000 * 1.926 = $19.26
USDCHF is 0.01 * 1000 * 1 = $10.00
AUDUSD is 0.01 * 1000 * 0.77 = $7.70
FXDD and UGM allow margin to be corrected for hedging, Velocity4x doesn't ( ie $30 margin for three transactions as described previously ).
QUESTION: Why are the other MT4 brokers out there which calculate margin for those majors the same way Interbankfx does?
Why I ask that is that Interbankfx isn't the very best in other regions.
Please notify...