With Saxo Bank you are able to leverage your FX positions up to 50 times equal to 2% margin required on the notional value of the position.
You have deposited EUR 10,000 on your trading account with Saxo Bank.
You consider buying EURUSD 1,000,000, as you expect EUR to increase in value against USD.
The Trade Ticket on your trading platform will display the margin required for making the trade as EUR 20,000 (2% * EUR 1,000,000).
The margin requirements by currency pair are listed under the Forex Trading Conditions tab in the trading platforms and can also be viewed under 'FX Spot Spreads and Leverage' under Prices.
Margin requirements may be changed without prior notice. Saxo Bank reserves the right to increase margin requirements for large position sizes, including client portfolios considered to be of very high risk.