i What this calculator does
A margin call calculator shows two prices that matter more than any target: the level at which your broker warns you, and the level at which it closes the position for you. Both follow from your equity, the margin the position uses, and the broker's stated thresholds.
Most South African brokers warn at a margin level of 100% and close positions at 50%, though the figures vary. Knowing those two prices before you open a trade is the difference between managing a drawdown and discovering it.
This calculator is for educational purposes only. Results are estimates and may vary depending on market conditions, spreads, commissions, platform settings, and exchange rates. It should not be considered financial advice.
Frequently asked questions
What margin level triggers a margin call in South Africa?
It varies by broker, but a warning at a 100% margin level and a stop-out at 50% is common. The exact figures sit in your broker's terms, and some brokers use tiered levels that change with position size. Always confirm your own broker's numbers rather than assuming the defaults.
Is a margin call the same as a stop-out?
No. A margin call is a warning that your margin level has fallen to a threshold, giving you the chance to deposit more or close positions. A stop-out is automatic: the broker closes positions without asking, usually starting with the largest loser.
Can I lose more than my deposit?
FSCA-regulated brokers offering CFDs to retail clients generally provide negative balance protection, which caps your loss at the account balance. Check that it applies to your specific account type, because professional accounts often lose that protection.
Does a wider stop-loss protect me from a margin call?
No, it does the opposite. A wider stop means a larger loss before it triggers, which drains equity faster and brings the margin call closer. The protection comes from position size, not stop distance.
Why did my broker close only some positions?
Most stop-out procedures close the largest losing position first, then recheck the margin level. If closing one position restores the level above the threshold, the rest stay open.
Does leverage change the margin call price?
Yes, substantially. Higher leverage means less margin is used, which raises your starting margin level but also means a given position size represents more exposure per rand of equity. Run both in the calculator to see the difference.
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