Margin Requirements

What is margin? Margin can be thought of as a good faith deposit required to maintain open positions. This is not a fee or a transaction cost, it is simply a portion of your account equity set aside and allocated as a margin deposit. Keep in mind that trading on margin can both positively and negatively affect your trading experience as both profits and losses can be dramatically amplified. You can keep track of your Used and Usable margin in the Accounts Window of the Trading Station.

VideoAccounts Window (1:06)

How does FXCM calculate margin?

By default FXCM LLC offers a maximum of approximately 50:11 leverage (or 2% margin) on its forex trading accounts. Margin requirements (per 1K lot) at FXCM are determined by taking a percentage of the notional trade size plus a small cushion. A cushion is added to help alleviate daily/weekly fluctuations.

MMR per 1K lot CURRENCY PAIRS
$6.00 NOK/JPY SEK/JPY
$6.25 ZAR/JPY
$8.75 HKD/JPY
$18 NZD/USD NZD/CAD
$20.00 USD/CAD      
$27.00 NZD/JPY      
$28.00 EUR/USD EUR/GBP EUR/CAD EUR/NZD    
$30.00 USD/JPY AUD/USD AUD/CAD AUD/JPY AUD/NZD USD/SEK USD/NOK
$33.00 CAD/JPY      
$34.00 GBP/USD GBP/CAD GBP/NZD    
$37.50 TRY/JPY      
$40.00 EUR/SEK EUR/NOK    
$42.00 EUR/JPY EUR/AUD    
$50.00 USD/PLN USD/CZK USD/ZAR USD/SGD GBP/SEK SGD/JPY USD/TRY USD/HUF USD/ILS
$51.00 GBP/JPY GBP/AUD    
$60.00 USD/MXN      
$70.00 EUR/PLN EUR/CZK EUR/TRY EUR/HUF    
$90.00 NZD/CHF      
$100.00 USD/CHF AUD/CHF USD/HKD CAD/CHF USD/CNH    
$130.00 CHF/JPY CHF/SEK CHF/NOK    
$170.00 GBP/CHF      
$200.00 EUR/CHF USD/DKK    
$256.00 EUR/DKK      

Please note that margin requirements are subject to change without notice based on price fluctuations and will be adjusted up or down in increments of $1. We believe that margin requirements will not change more than once a month. Up-to-date margin requirements are displayed in the "Simplified Dealing Rates" window of the Trading Platform by currency pair.

1 Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors.

2 According to a 2011 study in "Traits of Successful Traders" conducted by the DailyFX research team.