CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Trade only with money you can afford to lose.
Open Exness Account →

Exness Trading Calculator — the Position and the Account Line (Tanzania)

A calculator result is only half of the picture: the same position also changes what the account has left. Required margin moves money out of free margin and into used margin, equity rises and falls with the open profit or loss, and margin level — equity divided by used margin — is the figure that decides how much room remains before open positions start closing on their own.

An Exness trading calculator prices a position before it is opened — the required margin, the value of one pip, the spread cost and overnight swaps — from spreads and contract specifications measured on a live Exness account. What matters a minute later is what the position leaves behind: margin moved out of free margin into used margin, equity moving with the open result, and a margin level that decides how much room the account still has. The Pro planner sizes the trade from account risk at your own leverage and takes the stop and target in pips or price; Simple gives a quick margin, pip value, spread and swap read on a chosen volume.

Position size
Reward : Risk
Risk at stop
Reward at target
Margin required
Pip value
Spread cost
Swap
Net R:R (after costs)
Total costs
Break-even
Notional
Free margin

Calculations use spreads and contract specs measured on a live Exness Standard account (2026-08-12). Figures are indicative — spreads may fluctuate and actual results will vary.

How much is 0.01 lot on EUR/USD?

On a USD account, 0.01 lot of EUR/USD is 1,000 units of the base currency — a position of about $1,154 at the measured mid rate of 1.15380. At 1:200 leverage it needs about $5.77 of margin, one pip is worth about $0.10, and crossing the measured 0.8-pip spread costs about $0.08.

Figures are indicative, from spreads and contract specs measured on a live Exness Standard account (2026-08-12). Held in another account currency the same amounts follow the current exchange rate, while equity, free margin and margin level keep moving with the open result.

Frequently asked questions

What leverage does the trading calculator assume?
Margin defaults to 1:200 and the leverage field is editable, so the figure can match the account's own setting. Margin equals position size divided by leverage — at 1:200, 0.01 lot of EUR/USD needs about $5.77. Figures are indicative.
Can the results be shown in a local currency?
The calculator works in USD, the deposit currency of the example. A result in a local currency is the USD amount converted at the current exchange rate, so it moves with that rate — the Currency Converter page gives an indicative mid-rate conversion.
What is margin level, and how is it worked out?
Margin level is equity divided by used margin, shown as a percentage. Equity is the balance plus the profit or loss of every open position; used margin is the total reserved by those positions. With $2,000 of equity against $250 of used margin the level reads 800%. It falls as an open loss grows and as further positions are added.
How much free margin is left after opening a position?
Free margin is equity minus used margin, so the required margin figure from the calculator is exactly the amount that leaves the free margin line. On a $2,000 account a position needing $250 leaves $1,750 available — and less than that as soon as the position moves into loss, because free margin follows equity rather than balance.
Why does the balance stay the same while a trade is running?
Balance records settled amounts only. While a position is open its result sits in equity, which is balance plus the running profit or loss; the balance changes at the moment the position is closed. That is why an account can look untouched on one line and be well down on another.
Does a second position use its own margin, or share the first one?
Each position reserves its own margin and the amounts add together, while equity is shared across all of them. Two positions needing $250 each show $500 of used margin, and margin level is equity divided by that total.
Where does the platform show used margin and margin level?
On the account line above the list of open positions in MetaTrader 4 and MetaTrader 5, next to balance, equity and free margin; the mobile app shows the same set on the account screen. The order window shows the required margin for a trade before it is confirmed.
Does the calculator know the leverage on the account?
No. The leverage field is filled in by hand and starts from a common setting, so the result is only as accurate as that entry. Where the calculator and the platform disagree about required margin, the leverage entry is the first thing to check.
Why did the required margin change when the volume did not?
Required margin is position size divided by leverage, and position size is volume times contract size times the current price. When price moves, the value of the same volume moves with it, so the margin needed for an identical lot size is not fixed through the day.

Have an idea to make this calculator better? Share it with the team on Live Help →
Every suggestion is read — feedback helps improve these tools.

Balance, equity, used margin, free margin: four lines, one account

Balance is the settled figure. It changes when a position is closed and when funds move, and it does not move while a trade is running. Equity is balance plus the profit or loss of everything currently open, so it moves tick by tick, and the gap between the two lines is the whole unrealised result of the account at that moment.

Opening a position does not spend money, it reserves it. The required margin the calculator shows is taken out of free margin and shown as used margin, and it is released when the position is closed. Free margin is equity minus used margin rather than balance minus used margin, which is why an open loss shrinks the room for a second trade even though the balance has not changed by a cent.

Margin level in percent, and the distance to an automatic close

Margin level is equity divided by used margin, written as a percentage. With $2,000 of equity against $250 of used margin it reads 800%; the same position carried on $500 of equity reads 200%. The number falls as an open loss grows and as further positions are added, and it rises when price moves in favour or when something is closed.

Two thresholds sit on that scale: the level at which the platform starts warning that free margin has run low, and the level at which it begins closing open positions by itself. Both belong to the account type and are published in the account conditions, not in any calculator. The useful habit is to read the calculator result as the margin level the account would open at, then ask how far price can travel against the trade before that level is reached.

What a second position does to the same account

Margin is additive across open positions while equity is shared by all of them. A second trade adds its own required margin to the used-margin line, which lowers free margin and lowers margin level even when the first trade is in profit. Sizing the second trade as if the account were empty is how a position that looked comfortable in the calculator turns into an account with almost no room left.

Two positions on instruments that tend to move together sharpen this: their results swing in the same direction, so equity moves by the sum rather than by the average, while used margin is the sum in every case. Running the calculator twice and adding the two required margin figures gives the honest starting point.

Reading the same position in the terminal

Every figure the calculator produces has a counterpart on the platform. Required margin appears in the order window before a trade is confirmed and on the account line afterwards; contract size, tick value, the number of digits and the swap charge live in the instrument specification; the spread is simply the distance between the two prices on the quote line. Comparing the two sets is the quickest way to catch a mistyped volume or a leverage setting that is not what was assumed.

Where they disagree the reason is usually one of three: the volume was entered in units rather than in lots, the leverage typed into the calculator is not the leverage on the account, or the instrument chosen is a near neighbour of the one actually traded. The specification window settles all three without arithmetic.

Which outputs are fixed at opening and which keep moving

Three of the outputs are settled the moment a position opens and three are not. Position size and required margin are fixed by the volume, the price and the leverage; the spread cost is paid once on entry. Pip value keeps moving whenever the profit currency is not the account currency, swap accrues for every night the position is carried, and equity — and with it free margin and margin level — moves continuously.

A position carried across a non-trading break inherits both effects: swap keeps accruing on the schedule of the instrument, and the first price after the break can sit some distance from the last one, so a margin level that looked comfortable before the break is not necessarily the margin level after it.

Reading a planned position against the account

  1. Note the equity and the used margin already showing on the platform, not the balance.
  2. Enter the instrument, the volume and the account leverage in the calculator above.
  3. Add the required margin it returns to the used margin already in place.
  4. Subtract that total from equity: the remainder is the free margin the account would keep.
  5. Divide equity by the new used margin to get the margin level the account would open at.
  6. Work out how far price can move against the position before that level meets the closing threshold of the account type, and check that the stop sits inside that distance.

The calculator supplies required margin and pip value; the account line supplies equity, used margin and the levels. Figures are indicative.

One position, and what it leaves behind on a $2,000 account

Account lineWhat it isBefore the positionAfter a position using $250 of margin
BalanceSettled funds; unchanged while a trade is open$2,000$2,000
EquityBalance plus open profit or loss$2,000$2,000 at the moment of opening
Used marginReserved by open positions$0$250
Free marginEquity minus used margin$2,000$1,750
Margin levelEquity divided by used marginNo open position800%

Arithmetic only, taken at the moment of opening and before the spread is crossed. An example, not a quote.

The same account as the open loss grows

Open lossEquityUsed marginFree marginMargin level
None$2,000$250$1,750800%
minus $250$1,750$250$1,500700%
minus $500$1,500$250$1,250600%
minus $1,000$1,000$250$750400%
minus $1,750$250$250$0100%

Used margin does not move with the loss; equity, free margin and margin level all do. The level at which a platform warns and the level at which it closes positions are set by the account type.

Related Exness pages