I guess the explanation you're looking for is as follows:
For example, I deposit USD. Let's say I want to buy the EUR/CHF. Some of my account deposit will be used as margin for that trade, that amount is probably up to the broker, although it is also apparently standardized from broker to broker.
In other words, regardless of what currency I deposit, and what pair I trade, the margin is calculated accordingly.
To enter a trade for a standard lot, here in the US we have to put up 1000 USD margin. I expect if I had funded in pounds sterling, my margin would be around 500 pounds?
This is an interesting question, actually, I'd never thought about it before.
For example, I deposit USD. Let's say I want to buy the EUR/CHF. Some of my account deposit will be used as margin for that trade, that amount is probably up to the broker, although it is also apparently standardized from broker to broker.
In other words, regardless of what currency I deposit, and what pair I trade, the margin is calculated accordingly.
To enter a trade for a standard lot, here in the US we have to put up 1000 USD margin. I expect if I had funded in pounds sterling, my margin would be around 500 pounds?
This is an interesting question, actually, I'd never thought about it before.