Free Online Margin Calculator with Leverage

Calculate required margin instantly based on leverage and position size. Essential tool for forex risk management. No registration needed.

✓ 100% Free✓ All Leverage Ratios✓ Real-time Calculation✓ Beginner Friendly

Risk Warning: Trading on margin involves significant risk. Losses can exceed deposits. Ensure you understand margin requirements before trading.

Calculate Required Margin

Margin Calculation Formula

The Margin Formula

Required Margin = (Position Size × Price) ÷ Leverage
1:50
Conservative
2% margin
1:100
Standard
1% margin
1:200
Moderate
0.5% margin
1:500
High Risk
0.2% margin

Higher leverage = lower margin requirement but higher risk

Margin Trading for Beginners

Essential Margin Concepts for New Traders

Margin trading allows you to control larger positions with less capital through leverage. Understanding margin is crucial for managing risk and avoiding unexpected position closures.

Key Terms Explained

  • Required Margin: Funds locked as collateral
  • Free Margin: Available for new trades
  • Margin Level: Health indicator (Equity/Margin × 100)
  • Margin Call: Warning when level drops below 100%
  • Stop Out: Forced closure (usually at 50%)

Safe Margin Practices

  • Keep margin level above 200%
  • Start with lower leverage (1:50 or 1:100)
  • Never use all available margin
  • Monitor during high volatility
  • Keep 50% capital as reserve

Common Beginner Mistakes

  • ✕ Using maximum leverage immediately
  • ✕ Opening too many positions at once
  • ✕ Ignoring margin level warnings
  • ✕ Not keeping reserve funds

Pro Tips for Beginners

  • • Calculate margin BEFORE opening trades
  • • Use our calculator to test scenarios
  • • Practice on demo account first
  • • Start with micro lots (0.01)

Beginner Recommendation: Start with 1:50 leverage and never risk more than 2% of your account per trade. As you gain experience, you can gradually increase leverage if appropriate for your strategy.

How to Calculate Margin - Step by Step

We calculate required margin using this formula: Required Margin = (Position Size × Current Price) ÷ Leverage. For cross-currency pairs, we automatically convert to your account currency using real-time exchange rates.

Quick Example:

Trading 1.0 lot of EUR/USD at 1.0900 with 1:100 leverage:
Position Value = 100,000 × 1.0900 = $109,000
Required Margin = $109,000 ÷ 100 = $1,090

Understanding Margin Levels

Safe Zone (>200%)

Comfortable trading with room for drawdown

Warning Zone (100-200%)

Monitor closely, consider reducing exposure

Danger Zone (<100%)

Cannot open new trades, stop-out risk

Margin Requirements by Leverage

Currency PairPosition SizeLeverageRequired MarginPosition Value
EUR/USD @ 1.09001.00 lot1:50$2,180$109,000
EUR/USD @ 1.09001.00 lot1:100$1,090$109,000
EUR/USD @ 1.09001.00 lot1:200$545$109,000
EUR/USD @ 1.09001.00 lot1:500$218$109,000
USD/JPY @ 150.000.50 lots1:100$500$50,000
GBP/USD @ 1.27000.10 lots1:200$63.50$12,700

*Examples use standard lot size of 100,000 units. Actual rates may vary.

Margin Management Tips

1

Maintain Buffer Margin

Keep at least 50-100% free margin as buffer. This prevents margin calls during normal market volatility and allows for new opportunities.

2

Size Positions by Risk First

Calculate position size based on acceptable risk, then verify margin requirements. Never max out available margin.

3

Monitor Correlated Exposure

Multiple positions in correlated pairs increase overall margin usage and risk. Diversify to manage margin efficiently.

4

Understand Leverage Impact

Higher leverage means lower margin but higher risk. Use leverage appropriate to your experience and risk tolerance.

5

Watch During Volatility

Market volatility can quickly change margin levels. Monitor more frequently during news events and volatile sessions.

6

Plan for Overnight Holds

Positions held overnight may face gap risk. Ensure adequate margin to handle potential adverse gaps at market open.

Frequently Asked Questions

What is required margin vs free margin?

Required margin is the collateral locked for open positions. Free margin is what remains available for new trades after subtracting required margin from equity.

How does leverage affect margin requirements?

Higher leverage reduces required margin per trade. For example, 1:100 leverage needs 1% of position value as margin, while 1:500 needs only 0.2%.

What is margin level and why does it matter?

Margin level = (Equity / Required Margin) × 100. Below 100% means you cannot open new trades. Below 50% typically triggers stop-out (forced position closure).

Why did my margin requirement suddenly increase?

Margin requirements can change due to floating P&L affecting equity, currency conversion rate changes, or broker adjusting leverage during volatile periods.

How do I calculate margin for cross-currency pairs?

For cross pairs, convert the base currency to your account currency using current exchange rates. Our calculator handles this conversion automatically.

What happens during a margin call?

A margin call warns you when margin level drops below a threshold (usually 100%). You must add funds or close positions to avoid stop-out.

Can I trade without margin?

No, forex trading requires margin as collateral. The amount depends on leverage and position size. Even with high leverage, some margin is always required.

How much margin should I keep free?

Keep at least 50-100% free margin as a buffer. This prevents margin calls during normal market fluctuations and allows for new opportunities.

Related Tools

Explore our other trading calculators

Learn About Leverage & Margin

Understand how leverage works and the fundamentals of margin management.

Read the Complete Guide

Ready to Start Trading?

Open a Milton Markets account and trade with competitive leverage and tight spreads.