Margin Call and Stop Out Calculator
Margin level is the single number that decides whether your positions stay open. It is your equity divided by your used margin, written as a percentage.
High is comfortable. As a position moves against you, equity falls, used margin does not, and the percentage drops. Two thresholds sit below you.
- Margin level now
- Enter your figures
- Equity at margin call
- Enter your figures
- Equity at stop out
- Enter your figures
- Room before stop out
- Enter your figures
Margin level is equity divided by used margin, as a percentage. It falls when a position moves against you and when you open more. All figures are in the currency your trading account is held in.
The two thresholds
Margin call is at 80%. This is the warning. Your margin level has dropped far enough that further adverse movement risks a stop out, and you can still choose how to respond: add funds, or close something yourself to release margin.
Stop out is at 50%. This is not a warning. The platform starts closing your positions for you, largest loser first, and keeps going until the margin level is back above 50%. You do not choose which ones go.
Both levels are enforced by the platform and are the same on every account type. Neither varies by instrument.
You may not get the 80% warning
In a gap, the margin level can travel from above 80% to below 50% without stopping in between. Weekend gaps, major news, and illiquid hours on exotic instruments all do this. The stop out still runs and still protects the account from going negative, but the warning step can be skipped entirely.
Treat 80% as a courtesy, not a guarantee of time to react.
Reading the result
Equity at margin call and equity at stop out are the equity figures those two percentages correspond to, given the margin you currently have in use. They are the numbers to watch.
Room before stop out is the gap between your equity now and the stop out figure. It is how much the open positions can lose before the platform starts closing them.
That room shrinks from two directions. Losses take equity down. Opening another position takes used margin up, which lifts both thresholds and narrows the gap without anything having moved against you yet.
A worked example
Equity of 10,000 with 2,000 of used margin is a margin level of 500%.
- The 80% margin call lands at 1,600 of equity.
- The 50% stop out lands at 1,000 of equity.
- Room before stop out is 9,000.
Now open more, so that 8,000 of margin is in use. Equity has not changed and nothing has moved against you, but the stop out now sits at 4,000 rather than 1,000, and the room has fallen from 9,000 to 6,000.
That is the part worth internalising. Size is the thing you control, and it moves the floor up to meet you.
Where these figures come from
The 80% and 50% levels are published in the XBTFX best execution policy, which is the authority if this page and that one ever disagree.
Those two fields are fixed and cannot be edited. They are set by the platform, not by your account, so there is nothing to choose. Enter your equity and your used margin and the rest follows from them.