XM Trading has a variety of tools that you can use for free. I think that margin calculators are often used, especially among beginners, so I can recommend them. If you run out of margin, you will not be able to trade, so you need to know how to calculate the required margin.
XM has a tool that calculates the required margin even if you have not opened an account.
What is Margin?
Margin refers to the minimum required funds for trading a certain amount, and you can trade with this margin as collateral. If you have insufficient margin, you cannot open new positions. If you run out of margin due to a sudden change in the market price, your position will be closed.
Margin and Leverage
Margin and leverage are closely related, and high leverage makes it possible to start trading with less margin. XM offers a wide range of flexible leverage from 1x to 1000x, so depending on the leverage you choose, the margin required for trading the same 0.1 lot will vary greatly.
Forex currency pair margin
XM Trading’s FX currency pair margin calculation method is as follows.
Trading Volume ÷ Leverage × Current Rate = Required Margin
Margin calculator location
Now let me tell you where to find the margin calculator that XM offers for free. Click “Learn FX” from the home → FX calculation tool.
For the English version, click “Trading Tool” → “Forex Calculators”.
Click Margin Calculator.
How to use the margin calculator
It can be calculated by entering the following information and clicking “Calculate”.
Base currency of the account
Select a currency.
Select a currency pair.
Select your XM trading account type.
Enter the remaining amount of the lot.
Choose your leverage.
As you type, the calculation results will be displayed