Forex Margin Calculator

Calculate the margin required when you open a position in a currency pair. Find out about margin rules.

  1. Choose your primary account currency.
    (The tool will calculate the margin in this currency.)
  2. Select the position's currency pair from the list.
    (Its exchange rate then appears.)
  3. Select the margin ratio you've chosen for your account.
    Note: The margin for any particular currency pair may be capped at a lower ratio than you specify in your account preferences. (Read OANDA's margin policies.)
  4. Type in the number of units in the position.
  5. Use the Calculate button.
    The margin required is shown in the Margin Used field.
  6. After you've calculated a margin, you can change amounts or leverages to see an updated margin. (Click in another field if you don't see it update right away.)

This calculation uses the following formula:

({BASE} / {Home Currency}) * units) / (margin ratio)

For example, suppose:

Home Currency = USD
Currency Pair = GBP/CHF
Base = GBP; Quote = CHF
Base / Home Currency = GBP/USD = 1.5819
Units = 1000
Margin Ratio = 20:1

Then, margin used:
= (1.5819 * 1000) / 20
= 79.095 USD


The Commodity Futures Trading Commission (CFTC) limits leverage available to retail forex traders in the United States to 50:1 on major currency pairs and 20:1 for all others. OANDA Asia Pacific offers maximum leverage of 50:1 to on FX products and limits to leverage offered on CFDs apply. Maximum leverage for OANDA Canada clients is determined by IIROC and is subject to change. For more information refer to our regulatory and financial compliance section.


 

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.

Trading FX and/or CFDs on margin are high risk and not suitable for everyone. Losses can exceed investment.