Forex Margin Call & Closeout Calculator

Get a rough estimate of the hypothetical exchange rate that would cause a margin closeout for a specific trade, and its corresponding loss. (This tool assumes there are no other open trades.) Find out about margin rules.

  1. Select your primary account currency.
    (This is the currency the tool will use in its calculations.)
  2. Choose the trade's currency pair.
    (The exchange rates used in the calculation are shown based on your selection.)
  3. Choose the action (the type of trade, buy or sell).
  4. Select your margin ratio.
  5. Type your account balance.
  6. Type the number of units held in the trade.
  7. Use the Calculate button.
    The bottom fields show the exchange rate that would trigger a margin call and its associated loss.

This tool is intended for rough estimates only, and cannot be used to predict margin calls with accuracy. For example,

  • Rates used by this tool are delayed by five minutes.
  • This calculator makes the assumption that no other trades are open in your trading account. If there are other open trades, the values returned by this calculator will not take the reduced margin into account.
  • Rates used are the average between 'bid' and 'ask' prices for any given trade. This will affect the accuracy of the result.

Find out how the margin closeout rate is calculated—details and example.

This is for general information purposes only - Examples shown are for illustrative purposes and may not reflect current prices from OANDA. It is not investment advice or an inducement to trade. Past history is not an indication of future performance.

Your capital is at risk. Losses can exceed investment. Leverage trading is high risk and not for everyone.