Margin Level Calculation
Example: At 16:00 CET, Trader X has a 10,000 USD balance with an unrealized P&L of +1,000 USD. The open position is long 10 DAXEUR. Total open position is 496,310.78 USD (10 DAXEUR x margin factor (4) x index price (9960.00) x EURUSD rate (1.24576).
((10,000 USD + 1,000 USD)/496,310.78 USD) x 100 = 2.2% Margin Level
Total Open Position in Reference Currency = Trade amount x margin factor x market price x exchange rate.
If initial margin rate = 1%, then margin factor is 1
If initial margin rate = 2%, then margin factor is 2
View our full list of margin rates
Stop Out Level
The table below displays the stop out level based on your Total Open Position in USD. Unless previously agreed, and subject to the limitations set forth in the General Terms and Conditions, the Risk Disclosure Statement and the Special Terms and Conditions for Forex, when the stop out level is reached Swissquote will apply a First In First Out (FIFO) liquidation policy realizing the oldest positions first until the margin level returns above the stop out level.
|Total open position (USD)||Stop Out Level|
|$1,000 through $30,000,000||0.30%|
|$30,000,001 through $40,000,000||1.00%|
|$40,000,001 through $50,000,000||1.25%|
|$50,000,001 through $60,000,000||1.50%|
|$60,000,001 through $70,000,000||1.75%|