Margin is initially the minimum amount of Free Equity required to enter into a Margin FX Contract or a CFD with us. This is also referred to as Initial Margin. The level of Margin required to maintain open Contracts is called the “Total Margin Requirement” and includes Variation Margin and is denominated in your Account Currency. [...]
The spread is the difference between the BID and the ASK price of the trading instrument. The BID price is the rate at which you can sell a currency pair, while the ASK price is the rate at which you can buy a currency pair. The spreads of the trading instruments offered by CMG are variable. [...]
In Forex, 1.00 standard lot (order volume) is equivalent to 100,000 units (notional value) of the base currency. At CMG, the minimum order size on a Forex trade is 0.01 lot, which is equivalent to 1,000 units (notional value).