Margin Level
The ratio of equity to used margin, expressed as a percentage.
Full Definition
Margin level is calculated as (Equity / Used Margin) x 100%. It indicates how much of your available margin is being used. A margin level of 200% means your equity is twice your used margin. When margin level drops below a certain threshold (often 100%), you receive a margin call. Below the stop-out level (often 50%), positions are automatically closed.