What’s the minimum deposit for a live account?
Pepperstone doesn’t set a minimum deposit. It’s important for you to take into account your trading experience and financial situation when choosing what to deposit.
In order to open a CFD or Spread bet position you must have sufficient capital in your account to cover the margin requirements for each individual position.
Below are some CFD and Spead bet example trades for an account balance of over £2000 showing the margin requirements for each position on GBPUSD.
CFD Example:
1 Standard lot on GBPUSD = 100,000 Notional / 30:1 Leverage = Margin requirement of £3,333.3
0.60 lots = 60,000 Notional / 30:1 Leverage = Margin requirement of £2,000
Spread bet Example:
Margin calculation spread betting = Stake x price / leverage
Stake £10pp x GBPUSD Price 12426 / Leverage 30:1 = Margin requirement of £4,142
Stake £5pp x GBPUSD Price 12426 / Leverage 30:1 = Margin requirement of £2,071
It’s important to fund your account with a balance that suits your risk appetite. Be mindful that funding small amounts can be restrictive and lead to margin calls due to insufficient capital.
If you have any questions or want some more information on this topic then please get in touch with your account manager or our live chat.