保證金和槓桿

Example 1: Calculating Margin

您在 Axi 開設一個賬戶，內有餘額 10000 美元。若使用 1% 的保證金，您可以進行總價值達1000000 美元的開倉。 10000 美元 ÷0.01 =1000000 美元）。

以 0.800 的匯率用美元購買 500000 澳元（或 5 個標準合約）。Your Initial Margin requirement would be AU$5,000:

要求的初始保證金 = 5 手 X （合約規模 X 0.01） = 5000 澳元

如果澳元兌美元貶值至 0.7950，那麼變動保證金（未實現虧損）為 2500 美元（3145 澳元）。You can then calculate your Total Margin requirement simply by adding the Initial Margin and Variation Margin:

要求的總保證金 = 初始保證金 + 變動保證金 = 5000 澳元 + 3145 澳元 = 8145 澳元

To convert this to a Margin Ratio, divide your Account Equity by the Margin Requirement:

保證金比率 = 賬戶總值 ÷ 要求的保證金 = 137%

Example 2: Margin Call and Liquidation

如果頭寸保持敞口且澳元進一步貶值，Axi 可能行使權利來將部分或所有頭寸平倉（清算）。清算標準是保證金比率下降到某個水平時的情況。目前設為 20%，但可能會變化。

在我們的示例中，當 AUD/USD 匯率為 0.7920 時，保證金比率為：

賬戶總值 ÷ 要求的保證金= 股本（10000 澳元 –5051 澳元） ÷ 5000 澳元 = 99%

由於保證金比率低於 100%，賬戶需要追加保證金。 

如果澳元兌美元繼續貶值，達到 0.7858 的匯率，那麼
未實現虧損將上升至 7100 美元（9035 澳元），賬戶總值下降至 965 澳元。

保證金比率為 965 澳元 ÷ 5000 澳元 = 19%，將引發清算。

頭寸易被 Axi 平倉。

Important information about Margin and Leverage

• Open positions must maintain minimum margin requirements as detailed in our Client Agreement.
• All positions have an Initial Margin requirement and you are required to keep an account balance over and above that requirement and any unrealised losses. 
• Margin Calls can be made at short notice and can be substantial. Please familiarise yourself with our Client Agreement, especially the section relating to Margin Calls. 
• Our Product Disclosure Statement describes Margin Requirements and a description of the risks of dealing in leveraged products.
• Please be aware that it is the client’s responsibility, not Axi’s, to monitor positions and make any margin payments as they become due.
• Clients are warned that losses are not limited to their account balance and that they must not rely on Axi closing out a position to prevent losses. 
• Liquidation is not guaranteed to protect against a negative balance; markets can gap, systems can fail or other circumstances may prevent liquidation.