Dear Valued Client,

We would like to further clarify with the below example, on our hedged margin requirements which was implemented on 7 May 2026, 23:00 (UTC+1), whereby the hedged margin requirement for Metals and Energy Spot and Futures products was adjusted to 100%.

This change was applied to the following trading servers:

• MT4: Live 03, Demo 02
• MT5: Traze Seychelles, Traze Demo

Example 1 (Fully Hedged)

A client has a leverage of 1:500 and opens the below trades (XAUUSD contract size = 100 troy ounce):

• BUY 1 standard lot of XAUUSD at 4689.25.
• SELL 1 standard lot of XAUUSD at 4689.01

Average Price

= (4689.25 + 4689.01) / 2

= 4689.13

Hedged Margin

= (Average Price x Contract Size x Hedged Lot) / Leverage

= (4689.13 x 100 x 1) / 500

= 937.83 USD

Total Margin

= Hedged Margin + Unhedged Margin

= 937.83 USD + 0

= 937.83 USD

Example 2 (Partially Hedged)

A client has a leverage of 1:500 and opens the below trades (XAUUSD contract size = 100 troy ounce):

• BUY 1 standard lot of XAUUSD at 4689.25.
• SELL 1 standard lot of XAUUSD at 4689.01
• BUY 1 standard lot of XAUUSD at 4689.30.
• BUY 1 standard lot of XAUUSD at 4689.31.

Average Price

= (4689.25 + 4689.01 + 4689.30 + 4689.31) / 4

= 4689.218

Hedged Margin

= (Average Price x Contract Size x Hedged Lot) / Leverage

= (4689.218 x 100 x 1) / 500

= 937.84 USD

Unhedged Margin

= (Average Price x Contract Size x Unhedged Lot) / Leverage

= (4689.218 x 100 x 2) / 500

= 1,875.69 USD

Total Margin

= Hedged Margin + Unhedged Margin

= 937.84 USD + 1,875.69 USD

= 2,813.53 USD

Should you require any clarification, please contact our Customer Service team for further assistance.

Best regards,

Traze