Use position value, not margin

Use position value, not margin

Trading fees usually apply to position value. If you use $1,000 of margin at 5x leverage, the position value is $5,000. Enter $5,000 in the calculator. Enter fees separately for opening and closing the trade.

Apply the check

Use this question when comparing an option: contract and market access. Record the account, market, amount, and date you checked. A result for another account or time window may not apply to you.

Continue the comparison

Use the selection tool to record your assumptions. Then check the original product source. An estimate helps compare scenarios; it cannot establish eligibility, execution quality, or future profit.

Continue the comparison

• Category guide
• Selection tool
• Legend product profile
• Sources and evidence

Explore Legend

Read the current product, fee, and account terms before you commit funds.