I’m just looking at the IG platform and and for the smallest lot size of £0.25 per pip, with just £2.50 equity out of £500 at risk (0.5%), I’m using a margin of £130.42 (26%). I don’t get it?
That means with an account balance of £500 I can’t even open up 5 trades at once as I’ll be out of margin…
But shouldn’t the margin requirement be based on your stop loss? If my stop loss is just -£2.50 from a £500 balance there’s literally no chance of me getting a margin call, even with 20 trades of that size.