Margin, Leverage and Liquidation Price on Traders Portal

Intermediate · Platform Guide, lesson 5 of 7 · Trading · 7 min read · Published 19 Oct 2026 · Updated 19 Oct 2026

How leverage, margin required and margin level work on Traders Portal, what happens at stop-out under cross margin, and how to estimate your own liquidation price.

Leverage lets you open a position worth more than the money you put up. Margin is the part of your money set aside to hold that position. On Traders Portal you see both on screen: the Leverage button and Margin required in the order panel, and Margin Level in the client bar.

What you will not see is a liquidation price, the price at which your position would be closed automatically. This guide explains each number, the alert and stop-out rules, and how to estimate that price yourself, with every step worked through in USDT.

Open a trade on Traders Portal

Choosing leverage

1. Open the leverage control

   In the order panel, press Leverage: Nx. The Adjust Leverage slider opens.

2. Pick a level

   Drag the slider. It goes up to the maximum shown in the order panel for that market, and your account may have a lower cap.

3. Watch the summary change

   Margin required and Free margin after update as you move the slider. Value of $1 move does not, because it depends only on your size.

Margin required: what leverage changes and what it doesn't

Leverage changes how much margin is locked. It does not change what each price move is worth; your size does that. The real danger of high leverage is that it lets a small account open a large position.

Cross margin: one pool behind every position

Traders Portal uses cross margin only. All your equity stands behind all your positions. A profit on one trade can support a loss on another, but a large loss on one trade can also lead to others being closed. There is no isolated mode that ring-fences a single position. Isolated vs Cross Margin compares the two models.

Hedging is allowed: you can hold a buy and a sell in the same market at once. For the matched volume, the panel shows Margin required (hedged).

Margin level, alerts and stop-out

The client bar shows Equity, Open P/L, Balance, Free Margin, Used Margin and Margin Level, where:

• Equity = balance + credit + unrealized profit or loss, including swap.
• Margin Level = equity ÷ used margin, shown as a percentage.

Here the trade that caused the problem is the one closed, but under cross margin a big enough loss on one position can also put others at risk.

Estimating your stop-out price

There is no liquidation price on screen because, under cross margin, it depends on everything in your account at once. With one position, or one dominant position, you can estimate it from numbers you can see:

1. Find the stop-out threshold

   Multiply Used Margin by the stop-out level. That is the equity at which stop-out begins.

2. Work out your room

   Subtract that threshold from your current Equity. This is how much you can lose before stop-out.

3. Turn room into a price distance

   Divide the room by the position's Value of $1 move, shown in the order summary when you opened it. For markets priced in USDT it equals the units you hold, such as 0.1 BTC or 2 ounces of gold.

4. Apply it to the closing price

   For a buy, subtract the distance from the current Bid. For a sell, add it to the current Ask.

Notice the last row. Halving the position moves the estimate far more than any leverage setting, because each 1,000-dollar move now costs only 50 USDT. Size, compared with your equity, is what drives your risk.

Treat the result as an estimate. It ignores the spread, fees and swap, and with several positions the largest loss is closed first, which changes the picture. Fast markets and gaps can also jump straight past it.

Keeping a safe buffer

• Put your stop loss well before your stop-out price. In the example above, a stop at 57,500 would close the trade long before 53,000.
• Keep free margin. Every new position and pending order reduces it.
• Don't add to losing trades to "average down"; under cross margin it pulls the whole account closer to stop-out.
• Recheck after every new trade, because each one moves the stop-out price of the others.

Traders Portal writes off a negative cash balance once no positions are open, but you should never rely on that as a plan.

For the general theory, see Leverage and Margin Explained Simply and Liquidation and Margin Calls.

Conclusion

On Traders Portal, leverage sets how much margin a position locks, margin level measures your equity against that margin, and when it reaches the stop-out level set for your account, stop-out closes the largest losing position first. Because margin is shared, no liquidation price is shown, but you can estimate one from Equity, Used Margin and Value of $1 move. Keep positions small relative to your equity and your stop loss well clear of that estimate.

Topics: Leverage & Margin, Risk Management