Your margin requirement is the cash deposit that you require to maintain your existing exposure. When you place a trade you must have sufficient available equity to cover the margin costs, or requirement of that position. The margin requirement level must be maintained over and above any profit or losses on your account. 

Margin requirements vary by product and range from 0.20% to 5%. Please refer to the Markets section of our website to see the most up to date information about all our products, including margin requirements.

If you have any further questions, please click here to start a live chat with one of our representatives now.

Margin requirements are calculated as a percentage of the position and trade direction (i.e., whether you are long or short) is not relevant. Margin requirements are calculated per position and it is important you understand the applicable margin requirement before you execute a trade.

Margin requirements are calculated as follows:

FX: notional value * margin rate

Where 1 lot is 100,000 in FX, 100 ounces of Gold or 5000 ounces of Silver

CFDs: contract value * margin rate

Where contract value is:

(price/minimum tick fluctuation) * number of CFDs

Example 1: Buy 2 lots of AUDUSD 

Margin rate 0.25%

= (2 * 100,000) * 0.25%

= $500.00

Example 2: Sell 5 Crude CFDs at a price of 44.87

Margin rate 0.7%

Margin requirement = notional value * margin rate

Margin requirement = ((price/minimum tick fluctuation) * number of CFDs) * margin rate

= ((44.87/0.01) * 5) * 0.7%

= $157.045

If you have any further questions, please click here to start a live chat with one of our representatives now.

From 1 January 2017 the margin requirement on our FX products on our FX products (including Bullion) will be calculated using the base currency price rather than USD as is currently done.

The calculation will be as follows:

Lots * Contract Size (in base currency) * Margin requirement

The rate will then be converted to USD using the prevailing market rate.

For the avoidance of doubt, the base currency is the first currency appearing in any currency pair quotation.

Please see the examples below that explain the new calculation.

Example 1: Base currency is not USD

Order: Buy 1 lot NZDCAD

Base currency: NZD

Contract Size: 100 000

NZDUSD rate: 0.7088

Margin requirement (1 lot): 0.4%

1 * 100 000 NZD * 0.4% = NZD 400

Margin requirement = NZD 400 * 0.7088 = USD 283.52

Example 2: Base currency is USD

Order: Buy 1 lot USDJPY

Base currency: USD

Contract Size: 100 000

Margin requirement (1 lot): 0.25%

1 * 100 000 USD * 0.25% = USD 250

Margin requirement = USD 250

The EM ratio is calculated as follows:

Free Equity (Cash Balance + Credit +/– Floating P&L)/Margin)*100

Floating loss is ≥ (Balance + Credit) – (liquidation level x margin)

If you have any further questions, please contact at support@portexmarkets.com

Positions will be closed automatically (liquidated) when the Equity/Margin (EM) ratio of your account reaches the predetermined liquidation level. Please refer to our Liquidation Procedures for more information.

If you have any further questions, please click here to start a live chat with one of our representatives now.

For standard accounts, you will receive a margin call email when the equity level on your account falls below 100% of the margin requirement. Please note that only one email will be sent in any 24 hour period.

For ECN accounts the liquidation level may vary and therefore no automatic margin call emails will be sent.

However, please note that you are responsible at all times for maintaining adequate margin in your account and you should not rely solely on us to monitor your account or advise you of the requirement to deposit funds. Portex Markets will not be held liable for losses resulting from non-receipt of margin call emails.

If you have any further questions, please click here to start a live chat with one of our representatives now.

Account leverage is dependent on the product. Please refer to the markets page of our website to see our current leverage / margin requirements. You may reduce the leverage on your account but it cannot be increased. Please contact our dealing desk at support@portexmarkets.com for further assistance.

If you have any further questions, please click here to start a live chat with one of our representatives now.

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