XM margin list and calculation method

Margin is the minimum amount of funds required to trade a given position, and it serves as collateral for your trades. If your available margin is insufficient, you will not be able to open new positions. Moreover, if your margin is depleted due to sudden market movements, you may be required to close (settle) your positions. To prevent this, it is recommended to always maintain adequate margin in your account and manage your funds carefully.

At XMTrading, you can only open a new position if the required margin is less than your available margin for all offered products. For FX currency pairs, gold, and silver, the required margin for hedged positions of the same lot size is zero, allowing you to open positions even if your margin maintenance rate is below 100%. For other products, hedged positions do not reduce the required margin to zero; in these cases, only one side of the buy or sell order counts toward the margin requirement. In any case, even when using hedges, you can only open a new position if your required margin does not exceed your available margin.

Margin and leverage are closely connected, and using high leverage allows you to start trading with a smaller margin. For example, if you trade USD/JPY (US dollar/yen) at 10,000 units (0.1 lots) when the rate is 1 USD = 100 JPY, the required margin would normally be 1 million JPY. However, with 100× leverage, the required margin drops to 10,000 JPY, and with 1,000× leverage, it is reduced to approximately 1,000 JPY.

XM offers a wide range of flexible leverage, from 1:1 to 1:1,000, meaning the margin required for the same 0.1-lot trade can vary significantly depending on your chosen leverage. By taking advantage of XM’s high leverage, you can trade large positions even with a small amount of capital.

Margin requirements for each leverage

1. This is the margin required to trade 0.1 lots when the USD/JPY exchange rate is 1 USD = 100 JPY.

You can adjust your leverage from the XM Members page. Detailed, step-by-step instructions—with clear illustrations—are provided in the XM Members Page User Guide.

On the XM Members Page, you can open an account, deposit and withdraw funds, adjust your leverage, and access the copy trading page. For detailed instructions on using the XM Members Page, please refer to the “XM Members Page User Guide.”

XMTrading also applies leverage limits based on your margin balance. Specifically, for major FX currency pairs and gold/silver, leverage is reduced once the account’s equity exceeds certain thresholds, as follows:

Leverage Limits by Equity

If you have multiple XM trading accounts, please note that leverage limits apply based on the total equity across all accounts, not on each account individually. However, if your combined equity falls below $40,000, the leverage restriction is lifted, and you can once again use up to 1,000× leverage.

Additionally, some XM stocks have fixed leverage. Please refer to this page for details on the available margin and leverage limits for each stock.

One of XMTrading’s key attractions is high-leverage trading, but sudden exchange rate fluctuations can delay stop-loss execution, potentially causing your margin to fall below zero and resulting in a large negative balance.

However, XM uses a zero-cut system, which means margin calls are not required and customers are not responsible for negative balances. Any negative balance will be reset to zero with your next deposit, and the full deposit amount will be reflected in your account. Since customers do not have to cover losses beyond their account balance, you can trade with peace of mind.

The indicator for a forced stop loss is the margin maintenance rate, which can be calculated using the following formula:

At XM, a forced stop loss is triggered when the margin maintenance rate falls below 20%. Before reaching this point, a margin call occurs if the rate drops below 50%. To avoid a forced stop loss, it is recommended to take early action, such as depositing additional funds to increase your margin or closing part of your position.

XM FX Currency Pair Margin Calculation Method

The method for calculating margin for FX currency pairs offered by XMTrading is as follows:

For example, on a standard account, if you trade 0.01 lots (1,000 units) of USD/JPY at an exchange rate of 110.37, the required margin can be calculated using the following formula:

Please note that the maximum leverage is 1,000× for XM Standard Accounts, XM Micro Accounts, and XM KIWAMI Goku Accounts, while it is 500× for XM Zero Accounts. Some products also have leverage restrictions depending on the currency pair. Additionally, the lot size for Standard Accounts, KIWAMI Goku Accounts, and Zero Accounts is 100,000 units per lot, whereas for Micro Accounts it is 1,000 units per lot.

XMTrading offers the “XM Margin Calculator” for FX currency pairs, so you don’t have to calculate margins manually each time you trade. With this tool, anyone can easily determine the required margin. For detailed instructions on how to use the XM Margin Calculator, please see below.

XM Share CFD Margin Calculation

The method for calculating margin for stock CFDs offered by XMTrading is as follows:

Leverage (required margin rate) for stock CFDs is fixed for each stock and does not vary by account type or margin balance. Popular stocks such as Apple, Amazon, Google, and Microsoft have a maximum leverage of 20× (required margin rate of 5%), while many others have a maximum leverage of 10× (required margin rate of 10%) or 6.67× (required margin rate of 15%). Additionally, the standard contract size is 10, though some UK stocks have a contract size of 100. Please check the leverage (required margin rate) and contract size for each stock before trading. Note that stock CFDs are available only with MT5 accounts.

Prices fluctuate constantly.

XM Stock CFD Margin Requirements

At the time of writing, the required margin per lot for some of the most popular stocks among the 1,313 stock CFDs on XMTrading is as follows. Please note that required margins fluctuate with the opening price, so be sure to check the latest figures before trading.

XM Stock CFD Margin Requirements for Major Stocks

XM Index CFD Margin Calculation

The method for calculating margin for stock index CFDs offered by XMTrading is as follows:

Leverage for stock index CFDs is fixed for each index and does not vary by account type or margin balance. Generally, leverage is 100×, except for HK50CASH (HSI) at 66.7×; CA60CASH, ChinaHCASH, and US2000CASH at 250×; and SA40CASH at 400×. For GER40 (DAX), JP225 (Nikkei), UK100 (FTSE 100), US100 (NASDAQ), US30 (Dow Jones), and US500 (S&P 500), leverage is 500× for both futures and spot contracts.

Prices fluctuate constantly.

XM Stock Index CFD Margin Requirements

The required margin per lot for stock index CFDs offered by XMTrading is as follows. Please note that required margins fluctuate with the opening price, so be sure to check the latest figures before trading.

XM Precious Metals CFD Margin Calculations

The method for calculating margin for precious metals CFDs offered by XMTrading is as follows:

Margin for GOLD, SILVER, XAUEUR (Gold/Euro), XPDUSD (Palladium/US Dollar), and XPTUSD (Platinum/US Dollar) can be easily calculated using XM’s margin calculator. Please note that while leverage for GOLD, SILVER, and XAUEUR may fluctuate depending on margin balance, leverage for XPDUSD (Palladium) and XPTUSD (Platinum) is fixed at 22.2×.

Prices fluctuate constantly.

XM Precious Metals CFD Margin Requirements

The required margin per lot for precious metals CFDs offered by XMTrading is as follows. Please note that required margins fluctuate with market prices, so be sure to check the latest figures before trading.

XM Standard Account

XM Micro Account

XMKIWAMI polar account

XM Zero Account

XM Energy CFD Margin Calculations

The method for calculating margin for energy CFDs offered by XMTrading is as follows:

Leverage for energy CFDs varies by product. Specifically, leverage is fixed at 200× for BRENTCASH, NGASCASH, and OILCASH; 66.7× for BRENT, OIL, and OILMn; and 33.3× for GSOIL and NGAS.

Prices fluctuate constantly.

XM Energy CFD Margin Requirements

The required margin per lot for energy CFDs offered by XMTrading is as follows. Please note that required margins fluctuate with the opening price, so be sure to check the latest figures before trading.

XM Commodity CFD Margin Calculations

The method used to calculate margin for commodity CFDs offered by XMTrading is as follows:

The leverage for all commodity CFDs is fixed at 50x.

Prices fluctuate continuously.

XM Commodity CFD Margin Requirements

The required margin per lot for commodity CFDs offered by XMTrading is as follows. Please note that the margin amount varies depending on the opening price, so be sure to check the latest figures before trading.

XM Thematic Index CFD Margin Calculations

The method for calculating margin on thematic index CFDs offered by XMTrading is as follows:

The leverage for all thematic index CFDs is fixed at 50x.

Prices are constantly fluctuating.

XM Thematic Index CFD Margin Requirements

The required margin per lot for thematic index CFDs offered by XMTrading is as follows. Please note that the margin amount varies depending on the opening price, so be sure to check the latest figures when trading. Thematic index CFDs are available only on MT5 Standard and KIWAMI accounts.

XM Cryptocurrency CFD Margin Calculation

The method for calculating margin on cryptocurrency CFDs offered by XMTrading is as follows:

The leverage for cryptocurrency CFDs varies by product. BTCUSD and ETHUSD can be traded with a maximum leverage of 500x, other Bitcoin and Ethereum pairs, as well as Ripple and Litecoin, have a maximum leverage of 250x, and all other altcoins can be traded with a maximum leverage of 50x.

Prices fluctuate constantly.

XMTrading offers the “XMTrading Margin Calculator,” which makes it easy to calculate the required margin for FX currency pairs, gold, and silver. Simply enter the necessary values to compute the margin. Here’s how to use the XM Margin Calculator: