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. You can keep track of your Used and Usable margin in the Accounts Window of the Trading Station.

VideoAccounts Window (1:07)

How does FXCM calculate margin?

By default FXCM LTD offers approximately 100:11 leverage (or 1% margin) on major currency pairs. 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.

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. To learn more about margin and leverage, please visit our Frequently Asked Questions (FAQs).

Margin / Leverage FAQs

MMR per 1K lot CURRENCY PAIRS
£4.00 ZAR/JPY
£6.00 NZD/USD NZD/JPY NZD/CAD
£7.00 AUD/USD AUD/CAD AUD/JPY CAD/JPY AUD/NZD
£8.00 USD/JPY USD/CAD
£9.00 EUR/USD EUR/GBP EUR/JPY EUR/AUD EUR/CAD EUR/NZD
£10.00 GBP/USD GBP/JPY GBP/CAD GBP/NZD GBP/AUD
£12.00 USD/SEK USD/NOK
£13.50 EUR/SEK EUR/NOK
£16.00 TRY/JPY
£30.00 NZD/CHF
£32.00 USD/MXN USD/ZAR USD/TRY
£35.00 CAD/CHF AUD/CHF
£36.00 EUR/TRY
£40.00 USD/CHF USD/HKD USD/CNH
£45.00 CHF/JPY
£50.00 GBP/CHF
£67.50 EUR/CHF
MMR per 1K lot CURRENCY PAIRS
€4.00 ZAR/JPY
€8.00 NZD/USD NZD/JPY NZD/CAD
€9.00 AUD/USD USD/CAD AUD/CAD AUD/JPY AUD/NZD CAD/JPY
€10.00 EUR/USD EUR/GBP EUR/JPY EUR/AUD EUR/CAD EUR/NZD
€11.00 USD/JPY USD/CAD
€15.00 EUR/SEK EUR/NOK
€16.00 GBP/USD GBP/JPY GBP/CAD GBP/NZD GBP/AUD
€16.50 USD/SEK USD/NOK
€18.00 TRY/JPY
€40.00 AUD/CHF EUR/TRY NZD/CHF
€44.00 USD/MXN USD/ZAR USD/TRY
€45.00 CAD/CHF
€55.00 USD/CHF USD/HKD USD/CNH CHF/JPY
€75.00 EUR/CHF
€80.00 GBP/CHF
MMR per 1K lot CURRENCY PAIRS
$4.00 ZAR/JPY
$9.00 AUD/USD AUD/CAD AUD/JPY CAD/JPY AUD/NZD NZD/USD NZD/JPY NZD/CAD
$10.00 USD/JPY USD/CAD
$12.00 EUR/USD EUR/GBP EUR/JPY EUR/AUD EUR/CAD EUR/NZD
$15.00 USD/SEK USD/NOK
$17.00 GBP/USD GBP/JPY GBP/CAD GBP/NZD GBP/AUD
$18.00 EUR/SEK EUR/NOK
$30.00 TRY/JPY
$40.00 USD/MXN USD/ZAR USD/TRY
$45.00 NZD/CHF AUD/CHF
$48.00 EUR/TRY
$50.00 USD/CHF USD/HKD USD/CNH
$65.00 CHF/JPY
$85.00 GBP/CHF
$90.00 EUR/CHF

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.