Margins & Swaps

Margins & Swaps

Margin is the amount of money that a trader needs to put forward in order to open a trade. When trading forex on margin, you only need to pay a percentage of the full value of the position to open a trade.

Swap in Forex refers to the interest that you either earn or pay for a trade that you keep open overnight. They are expressed in pips per lot, and vary depending on the financial instrument you are trading.

Symbol Lot Size PIP Values Margin Requirement / Lot Hedged Margin Max Leverage
CADCHF 100,000 CAD 10 CHF 4,000 CAD 400 CAD 1:25
CADJPY 100,000 CAD 1,000 JPY 1,000 CAD 100 CAD 1:100
CHFJPY 100,000 CHF 1,000 JPY 4,000 CHF 400 CHF 1:25
EURCAD 100,000 EUR 10 CAD 1,000 EUR 100 EUR 1:100
EURCHF 100,000 EUR 10 CHF 4,000 EUR 400 EUR 1:25
EURGBP 100,000 EUR 10 GBP 1,000 EUR 100 EUR 1:100
EURJPY 100,000 EUR 1,000 JPY 1,000 EUR 100 EUR 1:100
EURUSD 100,000 EUR 10 USD 1,000 EUR 100 EUR 1:100
GBPCAD 100,000 GBP 10 CAD 1,000 GBP 100 GBP 1:100
GBPCHF 100,000 GBP 10 CHF 4,000 GBP 400 GBP 1:25
GBPJPY 100,000 GBP 1,000 JPY 1,000 GBP 100 GBP 1:100
GBPUSD 100,000 GBP 10 USD 1,000 GBP 100 GBP 1:100
USDCAD 100,000 USD 10 CAD 1,000 USD 100 USD 1:100
USDCHF 100,000 USD 10 CHF 4,000 USD 400 USD 1:25
USDJPY 100,000 USD 1,000 JPY 1,000 USD 100 USD 1:100
Symbol Lot Size PIP Values Margin Requirement / Lot Hedged Margin Max Leverage
AUDCAD 100,000 AUD 10 CAD 1,000 AUD 100 AUD 1:100
AUDCHF 100,000 AUD 10 CHF 4,000 AUD 400 AUD 1:25
AUDJPY 100,000 CHF 1,000 JPY 1,000 AUD 100 AUD 1:100
AUDNZD 100,000 AUD 10 NZD 1,000 AUD 100 AUD 1:100
AUDUSD 100,000 AUD 10 USD 1,000 AUD 100 AUD 1:100
EURAUD 100,000 EUR 10 AUD 1,000 EUR 100 EUR 1:100
EURNZD 100,000 EUR 10 NZD 1,000 EUR 100 EUR 1:100
EURSGD 100,000 EUR 10 SGD 16,000 EUR 1,600 EUR 1:6.25
GBPAUD 100,000 GBP 10 AUD 1,000 GBP 100 GBP 1:100
GBPNZD 100,000 GBP 10 NZD 4,000 GBP 400 GBP 1:25
NZDCAD 100,000 NZD 10 CAD 1,000 NZD 100 NZD 1:100
NZDCHF 100,000 GBP 10 CHF 4,000 NZD 400 NZD 1:25
NZDJPY 100,000 USD 1,000 JPY 1,000 NZD 100 NZD 1:100
NZDUSD 100,000 USD 10 USD 4,000 USD 400 USD 1:25
SGDJPY 100,000 SGD 1,000 JPY 16,000 SGD 1,600 SGD 1:6.25
Symbol Lot Size PIP Values Margin Requirement / Lot Hedged Margin Max Leverage
EURHUF 100,000 EUR 1,000 HUF 5,000 EUR 500 EUR 1:20
EURMXN 100,000 EUR 10 MXN 4,000 EUR 400 EUR 1:25
EURNOK 100,000 EUR 10 NOK 16,000 EUR 1,600 EUR 1:6.25
EURPLN 100,000 EUR 10 PLN 5,000 EUR 500 EUR 1:20
EURSEK 100,000 EUR 10 SEK 16,000 EUR 1,600 EUR 1:6.25
EURTRY 100,000 EUR 10 TRY 10,000 EUR 1,000 EUR 1:10
TRYJPY 100,000 TRY 1,000 JPY 10,000 TRY 1,000 TRY 1:10
USDBRL 100,000 USD 10 BRL 5,000 USD 500 USD 1:20
USDCNH 100,000 USD 10 CNH 16,000 USD 1,600 USD 1:6.25
USDHUF 100,000 USD 1,000 HUF 5,000 USD 500 USD 1:20
USDMXN 100,000 USD 10 MXN 4,000 USD 400 USD 1:25
USDNOK 100,000 USD 10 NOK 16,000 USD 1,600 USD 1:6.25
USDPLN 100,000 USD 10 PLN 5,000 USD 500 USD 1:20
USDRUB 100,000 USD 10 RUB 5,000 USD 500 USD 1:20
USDSEK 100,000 USD 10 SEK 16,000 USD 1,600 USD 1:6.25
USDTRY 100,000 USD 10 TRY 10,000 USD 1,000 USD 1:10
USDZAR 100,000 USD 10 ZAR 5,000 USD 500 USD 1:2
Symbol Lot Size PIP Values Margin Requirement / Lot Hedged Margin Max Leverage
GOLD 100 oz 1 USD Margin Requirement/ lot = current market price *0.25 10% of standard margin 1:400
SILVER 5,000 oz 5 USD Margin Requirement/ lot = current market price *12.5 10% of standard margin 1:400

Example of an Automatic Stop Out

Imagine that you have a trading account that has a 100% margin call level, and a 40% stop out level. Your account balance is at $10,000, and you open one trading position with a $1,000 margin. If the loss on this position reaches $9,100, your account equity turns out to be $10,000 - $9,100 = $900.

This is already 90% of your used margin, so the system will issue a margin call warning. Thereby, when your loss on your position reaches $9,600, and your account equity appears to be $10,000 - $9,600 = $400 (i.e. 40% of the used margin), it will then simply trigger a stop out, and the system will close your most losing position to prevent all future losses.