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Margin level & stop-out calculator
See your current margin level from your equity and used margin. Enter your broker’s stop-out level to see roughly how much more loss, or how many pips against you, until stop-out.
New to this?
You getYour current margin level, and how much more you can lose before stop-out (with a pair entered, how many pips)
What to enter, and the terms used
You enterEquity and used margin (both shown in your trading platform) and your broker’s stop-out level (%). Optionally the pair and lot size
A pip is the unit for price moves. For most pairs it is 0.0001; for JPY pairs such as USD/JPY it is 0.01.
New to these words?
Example: enter this, get this
- Equity: 10,000, used margin: 2,000
- Stop-out level: 50%, margin call level: 100%
- Position: 0.5 lots of EUR/USD (contract size 100,000 units)
Margin level is 10,000 ÷ 2,000 × 100 = 500%. Stop-out comes when equity falls to 2,000 × 50% = 1,000, so you are $9,000 away. 0.5 lots of EUR/USD is $5 per pip, so a move of about 1,800 pips against you would reach stop-out (a rough guide). The distance is large here because little margin is in use compared with equity. In practice, wider spreads or price gaps can trigger stop-out sooner.
The example numbers only show how the calculation works. They are not recommendations. Replace them with your own account’s numbers, or use “Clear inputs”.Where do I find these numbers?
- Equity and used margin
- In MT4, the Terminal window; in MT5, the Trade tab of the Toolbox. Enter “Equity” and “Margin” as shown (not “Free margin”)
- Stop-out level
- Your broker’s rules page or client area. It may be called “margin close-out” or “stop out”. For a demo account, check the broker’s website
- Lot size
- The Volume column in the Trade tab
The mobile app and platforms other than MT4/MT5 may use different names or places (for example, “Units” or “Lot size” for contract size). If you cannot find a number, check your broker’s help pages.
How it works
- Margin level = equity ÷ used margin × 100
- Equity at stop-out = used margin × stop-out level (%) ÷ 100
- Distance to stop-out = current equity − equity at stop-out
- Price move to stop-out = that distance ÷ P&L per pip (contract size × lots × pip size, converted to your account currency). It assumes one pair is open and used margin stays the same. It does not include spread widening, swap or other positions.
Formula, a worked example and common mistakes
The formula
Margin level (%) = equity ÷ used margin × 100
Equity at stop-out = used margin × stop-out level (%) ÷ 100
Distance to stop-out = current equity − equity at stop-out
Pips to stop-out = that distance ÷ pip value (for this lot size)
Equity is roughly your balance plus floating P&L. Used margin is the amount your account sets aside to hold your positions.
A worked example by hand: 0.3 lots of EUR/USD in a USD account (50% stop-out level)
- Used margin: 0.3 lots = 30,000 euros × 1.0850 = $32,550, at 30:1 leverage = $1,085
- With $3,000 equity, margin level = 3,000 ÷ 1,085 × 100 = about 276.5%
- Equity at stop-out = 1,085 × 50% = $542.50, so the distance is 3,000 − 542.50 = $2,457.50
- 0.3 lots of EUR/USD is $3 per pip, so 2,457.50 ÷ 3 = about 819 pips against you, as a rough guide
3 common mistakes
- Entering Free Margin instead of MarginYour platform shows Balance, Equity, Margin and Free Margin. The tool needs Margin (used margin), not Free Margin.
- Using your balance and ignoring floating lossesStop-out is checked against equity, which includes floating P&L. With open losses you are closer to stop-out than your balance suggests.
- Reading the level as “the share I can lose”A 50% stop-out level does not mean losing half your money. It means equity has fallen to 50% of your used margin. The more margin you use, the sooner you reach it.
FAQ
What is my stop-out level?
It depends on your broker, country and account type. Use the figure in your broker’s rules or client area. This tool does not choose one.
Where do I find these numbers in MT4/MT5?
On desktop, the Trade tab of the Terminal (MT4) or Toolbox (MT5) shows Balance, Equity, Margin, Free Margin and Margin Level. Enter Equity and Margin as shown. Labels differ a little between versions and the mobile apps.
Is stop-out called anything else?
Some brokers call it margin close-out or liquidation. Some accounts also set the stop-out level as an amount rather than a percentage; in that case, this tool’s percentage calculation does not apply.
Will I be stopped out exactly here?
Treat it as a guide. The real stop-out depends on your broker’s rules, when they check, spread widening and fill prices. Always check your platform and your broker’s rules.
Get warned before you reach your limits.
On Tiltnote’s paid plan, the EA alerts you on your MT4/MT5 screen as you near the daily loss limit and the weekly or monthly limit you set (and on your phone, if you have set up MT4/MT5 push notifications). It never places trades for you. Manual logging is free.
Try Tiltnote free →On the free plan, analysis and history show your most recent 14 days (older records are kept and unlock on the paid plan).Related articles
Price gaps: why a stop-loss may not fill at your priceMargin, equity, free margin and margin level explainedWhat is a stop out? Forced closing, and losses larger than your depositMargin call vs stop out: a warning, then automatic closing
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This tool is a calculation aid. It is not investment advice or a recommendation to make any trade. Real values depend on your broker’s contract size, rates, commissions and spread. Always check in your trading platform before placing an order. The numbers you enter are calculated on your device and never sent anywhere.
Updated 21 Oct 2026 · Run by Kenji Okumura, Representative, Tiltnote · About this site