IC Markets’ margin stop out level is 50%. This means that if your free margin falls below 50%, then your positions will be automatically closed. MetaTrader 4 will automatically close them in order of the largest losing position to the smallest.

The margin stop out level is calculated using the following formula.

Margin level = equity / used margin x 100%

= margin level %

Worked example

The margin on a $10,000 USD (equity) trading account with 1 standard lot open position on USD/JPY and 100 times leverage would be calculated as follows:

= 10,000 / 1,000 x 100%

= 1000% margin level

If the position moves against you and your equity fell to $5,000, the calculation would be:

= 5,000 / 1,000 x 100%

= 500% margin level

If the position moved against you even further and the equity fell to $499, the position would be stopped out as the margin level would have fallen below 100%.

= 499 / 1,000 x 100%

= 49.9% margin level

The margin stop out level is calculated using the following formula.

Margin level = equity / used margin x 100%

= margin level %

Worked example

The margin on a $10,000 USD (equity) trading account with 1 standard lot open position on USD/JPY and 100 times leverage would be calculated as follows:

= 10,000 / 1,000 x 100%

= 1000% margin level

If the position moves against you and your equity fell to $5,000, the calculation would be:

= 5,000 / 1,000 x 100%

= 500% margin level

If the position moved against you even further and the equity fell to $499, the position would be stopped out as the margin level would have fallen below 100%.

= 499 / 1,000 x 100%

= 49.9% margin level