保證金和槓桿

Managing the ways you can maximise your capital

免費模擬帳戶 創建帳戶

Margin vs Leverage: What’s the difference?

The use of margin and leverage is a common way for traders to allocate a relatively small amount of funds to expose themselves to higher value trades and, potentially, higher profits. However, this can also expose you to a considerably higher level of risk, including losses that can exceed the initial investment. Because of the potential risk, it’s very important to understand what margin and leverage are, how they work and your obligations as a trader.

Margin

Margin is the amount of funds you need to have in your trading account in order to open a trade. To retain an open position you must also always retain sufficient margin in your account.

Leverage

Leverage is a ratio representing the level of exposure you have to a trade. Using leverage means you can control trades of higher value than the margin you hold.

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%

監控保證金要求和清算

我們的交易平台 MetaTrader 4能夠使您實時監控並管理您的風險敞口。根據每個客戶的保證金要求,平台自動計算保持目前敞口頭寸所需要的資金和用於建立新頭寸或擴大現有敞口頭寸的交易資源。

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。

Choosing your leverage level

With leverage up to 400:1 available in some regions, Axi clients are able to choose the level of leverage that’s appropriate for them. Leverage can be changed through the MT4 platform before placing a trade, or through your personal settings in the Axi Client Portal.

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.

Margin & Leverage FAQs