Is it true that with a $1000 capital using a micro account you can trade without leverage?
@ Hary:
For XXX/USD pairs (EUR/USD, GBP/USD, AUD/USD, NZD/USD):
Margin = (USD 100,000) x (number of lots or volume) x (leverage percentage) x current price
If you are trading without leverage, then the required margin is 100% or equivalent to the contract value.
Your capital = USD 1,000.
For example, if you buy or sell 0.01 lot of EUR/USD at a price of 1.0850, then the margin = (USD 100,000) x 0.01 x 100% x 1.0850 = USD 1,085.
Thus, for the margin requirement alone your capital is insufficient.
By the way, what is the consideration for wanting to trade without leverage?
@Martin
perhaps the Master's religious consideration, leverage using borrowed capital from a broker, maybe afraid of Riba, Riba is haram for Muslims, so if you use leverage 1:1 it means there is no capital borrowed from the broker just like physical forex trading at a money changer.
@Hary
I have checked at one of my brokers, the standard account can use leverage 1:1, there is also an Islamic account, I haven't checked other brokers because my phone's ram is full and it's heavy to install applications. The broker's name is hotforex, not a promo or advertisement, if the capital is small it's okay, but for large capital look for a credible broker. If at hotforex broker deposits and withdrawals can use local bank internet banking BRI, BNI, BCA. If you are a beginner and don't want to be complicated, use that broker first, later when your capital is large, use a credible broker.