Margin calculator
Work out the margin a position needs, your margin level, and how many pips the price can move against you before the loss-cut level.
Result
- Required margin
- Margin level
- Free margin
- Pips against you until the loss-cut level
- Loss at the loss-cut level
- 1 pip for your lots
Enter the exchange rate to your account currency.
Enter the contract size.
Enter your broker's loss-cut level to see the pips to the loss-cut. It differs by broker, so it is not filled in.
Getting exchange rates…
Required margin = lots x contract size x price x exchange rate / leverage. Margin level = equity / required margin x 100. The maximum leverage recorded for a broker is the highest figure on its public pages; the leverage you actually get depends on the account type, the instrument and your country, and some brokers lower it as the position grows. Brokers also differ in how they calculate margin, so treat this as an estimate.
These are estimates for working out a trade. They leave out spread, commission, slippage and swap unless a field says otherwise, and every broker rounds lots and calculates margin in its own way. Check the figures on your trading platform. Nothing here is investment advice.
Exchange rates: ExchangeRate-API
What this calculator tells you
This calculator shows the margin a position ties up, the margin level (equity divided by required margin) and how many pips the price can move against you before the loss-cut level. It helps you see how much room an account has before you place the trade.
Worked examples
EURUSD at 1.0800, 1 lot, leverage 1:100: required margin is 1,080 USD. With equity of 5,000 USD the margin level is 463%.
The same trade at leverage 1:500 needs 216 USD. If the loss-cut level is 50%, the first case reaches it after a loss of 4,460 USD, about 446 pips.
Common mistakes and things to check
- Leverage differs by broker, account type, instrument and where you live, and some brokers lower it as the position grows. Enter the figure from your own account.
- Higher leverage lowers the margin but not the loss. A 1-lot move of 50 pips costs the same at 1:100 and at 1:500.
- Loss-cut and margin-call levels are set by each broker. Type in the level your broker states.
- Prices move and spread widens, so the real distance to the loss-cut level is usually shorter than the figure shown.