Used margin and margin level

Margin Level = (Equity/Used margin) x 100%

Used Margin = (Volume x Contract Size x Exchange rate)/Leverage

Free Margin = Equity - Used margin

Example 1:

• You trade 2 lots EURUSD, leverage 1:1000 at EURUSD rate of 1.18497
• Used Margin = 2 (Volume) x 100,000 (Contract Size) x 1.18497 (Exchange rate)/1000 (Leverage) = $236.99
• Margin Level = 998.51 (Equity) / 236.99 (Used Margin) x 100% = 421.33%
• Free Margin = 998.51 (Equity) - 236.99 (Used margin) = 761.52 USD

Example 2:

• You trade 0.1 lots XAUUSD, leverage 1:1000 at XAUUSD rate of 1774.34
• Used Margin = 0.1 (Volume) x 100 (Contract Size) x 1774.34 (Exchange rate) / 1000 (Leverage) = 17.74 USD
• Margin Level = 1029.8 (Equity) / 17.74 (Used Margin) x 100%= 5804.96%
• Free Margin = 1029.8 (Equity) - 17.74 (Used Margin) = $1012.06