Leveraged CFD
Use when the broker’s calculation mode applies account leverage to price-based contract notional. Keep the separate margin-factor field visible because the symbol may multiply the base result.
Metals Portfolio Margin Calculator
Estimate the gross planning margin for multiple XAU/USD and XAG/USD positions using each row’s entered lot size, contract, price and margin method—without assuming broker hedge offsets.
Runs in your browserRow-level margin rulesNo hedge-offset claim
Build the entered metals portfolio
Add up to 20 gold or silver positions. Each row keeps its direction, contract multiplier, market price and margin method visible.
Entered metals portfolio margin
Entered Metals Margin 1.0.0
No portfolio margin calculated yetAdd positions manually or load the audited three-position example.
Out of date — recalculate after changing an input.
Gross required margin——
Gross position notional—
Signed directional notional—
Required margin in USD—
Margin share of entered balance—
Balance after this margin only—
Gross effective leverage—
XAU share of gross notional—
XAG share of gross notional—
| Calculation step | Entered arithmetic | Derived result |
|---|
“Balance after this margin only” subtracts the estimate from entered balance. It is not platform free margin because floating P/L, existing exposure, credits and other reserved margin are not known.
What does this calculator answer?
It answers: “How much margin do these manually entered gold and silver rows require when each row is valued under its selected calculation rule?” It also separates gross notional, signed directional notional, margin share and metal concentration. No hedge offset is applied. It does not answer whether a portfolio is safe, diversified or likely to profit.
How the metals portfolio margin estimate works
Position ounces = lots × entered contract size
Position notional (USD) = ounces × entered market price
Position margin = selected row-level margin formula
Gross required margin = sum of all position margins
Signed notional = buy notionals − sell notionals
Position notional (USD) = ounces × entered market price
Position margin = selected row-level margin formula
Gross required margin = sum of all position margins
Signed notional = buy notionals − sell notionals
MetaTrader assigns a calculation mode to each symbol. In leveraged-CFD mode, margin can use lots, contract size, market price, account leverage and a broker margin rate. A CFD configured without account leverage can instead use notional multiplied by a margin rate. When a non-zero initial-margin value governs the symbol, fixed per-lot arithmetic may supersede the general formula. Select the mode that matches the exact symbol rather than the asset name alone.
The model first translates lots into troy ounces using the entered contract size. It then multiplies ounces by the entered USD-per-ounce price to obtain notional. This unit path is intentionally visible because two brokers can label a symbol XAUUSD or XAGUSD while assigning different contract multipliers, account groups or margin settings.
USD margin is divided by “USD per one account-currency unit” to display the account-currency estimate. If one EUR equals USD 1.25, enter 1.25 and a USD 125 margin becomes EUR 100. The page does not fetch or timestamp that rate, and a live broker can use a different conversion side.
Worked example
The audited example enters a 0.10-lot gold buy with a 100-oz contract at USD 2,650, a 0.05-lot silver buy with a 5,000-oz contract at USD 30, and a 0.02-lot gold sell with a 100-oz contract at USD 2,650. At entered 100:1 leverage and a 100% margin factor for each row, gross notional is USD 39,300 and gross required margin is USD 393. The signed notional is USD 28,700 because the USD 5,300 sell is directional subtraction, but its USD 53 margin is still included in the gross planning sum.
Interpretation: USD 393 is a conservative arithmetic sum under the entered row assumptions, not the margin a trading server promises to charge. MetaTrader can treat opposite positions, current positions, pending orders, initial margin, maintenance margin, symbol margin rates and account conversion differently. Verify the result with the platform’s order check before placing trades.
Choose the calculation mode from the symbol specification
Percent of notional
Use when margin is stated directly as a percentage of price-based notional. A 5% margin rate is mathematically equivalent to 20:1 effective leverage, before other rules.
Fixed margin per lot
Use when the specification provides an initial-margin amount that governs each lot. Confirm the stated currency; this page expects a USD amount before account conversion.
Do not mix modes. If the terminal exposes a non-zero initial margin, tiered rates or special hedged-margin settings, the broker’s trading server is authoritative. In MetaTrader 5, OrderCalcMargin is the platform function designed to estimate margin for one planned order in the current environment, although even that estimate excludes existing open positions and pending orders.
Pre-trade margin checklist
- Open Market Watch and choose the full broker symbol, including any suffix.
- Record calculation mode, trade contract size, margin currency, initial margin, maintenance margin and hedged-margin method.
- Confirm account leverage and whether the symbol has a separate margin rate or tier.
- Use the current side of the market price required by the broker for the planned order.
- Verify account-currency conversion and compare this page with the terminal’s order-margin estimate.
- Leave room for existing exposure, floating loss and changing prices; required margin is not maximum tolerable loss.
Assumptions and limitations
- All prices, conversion rates, contract sizes, leverage values and margin settings are manually entered and may be stale or wrong.
- The model supports three transparent planning modes but cannot infer which mode the broker assigned to a symbol.
- Current positions, pending orders, hedged legs, spread symbols, volume tiers, credits and broker risk overrides are excluded.
- Balance is not equity or free margin. Floating P/L and already reserved margin are not included.
- The page does not calculate margin call, stop-out price, liquidation, loss probability, slippage, spread, commission, swap or tax.
- The output is not an executable quote, trading signal, suitability assessment, expected return or guarantee.
Frequently asked questions
- It sums the separately calculated margin for each entered XAUUSD or XAGUSD row and also reports gross and signed notional.
- Not in this model. Opposite directions affect signed notional, but every row remains in the gross margin sum because broker hedge treatment varies.
- Yes. Each row can use leveraged CFD, percentage-of-notional or fixed initial margin per lot with its own contract and market price.
- No. The page excludes existing positions, pending orders, hedge rules, dynamic tiers, credits, conversion sides and other server settings.
- They divide each metal’s absolute entered notional by total gross notional. They describe entered size concentration, not diversification benefit or risk.
- The browser model accepts up to 20 positive-volume XAUUSD or XAGUSD rows in one calculation.
Sources and methodology
- MetaTrader 5 Help — Margin Calculation for Retail Forex and Futures — Official workflow for symbol-type formulas, fixed initial margin, conversion and opposite-position handling.
- MQL5 Reference — Symbol Properties — Official calculation-mode formulas and definitions for contract size, margin currency, initial margin and hedged margin.
- MQL5 Reference — OrderCalcMargin — Official planned-order margin function and its stated current-environment boundary.
- IC Markets EU — Commodity Specification Sheet — Primary broker example showing that XAU/USD and XAG/USD contract sizes and retail margin percentages can differ.
The operational contract is Entered Metals Margin version 1.0.0. Deterministic fixtures cover all three margin modes, USD and non-USD accounts, portfolio aggregation, signed direction, gold/silver concentration, invalid inputs and gross no-offset behavior. External specifications are examples, never defaults guaranteed across brokers.
Continue the metals planning workflow
Compare precious-metals contract specifications
Before transferring a scenario into an order, compare the exact XAU/USD or XAG/USD symbol, contract size, calculation mode, margin currency, rate, volume tier, hedged-margin method, spread, commission and financing terms for your account and jurisdiction.
Risk and affiliate disclosure: Leveraged forex and CFD trading can result in substantial losses. These are affiliate links, so ForexMT4Indicators.com may receive compensation if you register or trade through them, at no additional cost to you. Availability and terms vary by jurisdiction and broker entity.
Disclaimer: The results from this tool are estimates for educational and informational purposes only and may differ from your broker's figures. This is not financial or investment advice. Trading forex and CFDs carries a high level of risk and can result in the loss of all your capital. Always verify calculations with your broker and trade within your risk tolerance.