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Help with leverage

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Posts: 3 since Apr 2017
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Help with leverage

May someone help me to understand the leverage in futures market and is it different from the FX?
For example if I operate sim account and buy a 1 contract of S&P wich is with price of 12.50$ per tick and I have 1000$ account, and the margin is 450$, then, what is the leverage?


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