Notional per contract: $50,000.00
Total notional: $500,000.00
Margin required: $10,000.00
Account balance: $50,000.00
Notional = Price × Contract Multiplier
Notional = $25,000.00 × $2.00 = $50,000.00
Margin Required = Margin per Contract × Contracts
Margin Required = $1,000.00 × 10.00 = $10,000.00
Leverage = Total Notional ÷ Account Balance
Leverage = $500,000.00 ÷ $50,000.00 = 10.00×