eToro
Margin Account Switch
Choose a scenario to see what happens to your position when you upgrade to a Margin Account.
Select a demo scenario
TSLA
Tesla Stock · $10,000
Fully owned cash position. No leverage. Converting to a margin account unlocks borrowing power.
Cash Position x1 Leverage Equity = $10K
›
OIL
Oil CFD · x5 Leverage
$10,000 invested with x5 leverage = $50,000 total exposure. How does this CFD translate into a margin account?
CFD Position x5 Leverage $50K Exposure
›
GOLD
Gold CFD · x5 Leverage
$10,000 invested, x5 = $50K exposure. But Gold's margin req. is only 10% — leaving $5,000 free margin after conversion.
CFD Position x5 Leverage 10% Margin Req.
›
PORT
Combined Portfolio · $20,000
TSLA ($10K cash) + Oil CFD x5 ($10K / $50K exposure). See how the full portfolio converts together.
2 Positions Mixed Leverage $60K Exposure
›
💡 Scenarios 1 & 2 each use $10,000 — scenario 3 combines both into a $20,000 portfolio.
‹ Home
Total Equity
$10,000
TSLA · Fully owned · No leverage
Balance
$0
Cash available
Position Value
$10,000
TSLA market value
Loan
$0
Borrowed amount
Interest
$0
Daily cost
Used Margin New
$4,000
40% of position
Free Margin New
$6,000
Available buffer
Buying Power New
$15,000
Free margin ÷ 40%
Margin Level New
250%
Safe zone >150%
Account Health · Margin Level
250%
Margin Call <100% Safe ▶
Open Position
TSLA
Tesla, Inc.
Fully owned · No leverage
$10,000
+$0.00 (0%)
Cash account: position fully owned — no borrowing possible
✓
Margin Account Activated
Your TSLA position is unchanged. No loan taken. You can now borrow up to $15,000 in additional exposure (40% margin req.).
Even without borrowing, a sharp TSLA drop can now trigger a margin call if equity falls below maintenance threshold.
‹ Home
Total Equity (Invested)
$10,000
Oil CFD · x5 Leverage · $50,000 exposure
🛢
Total Market Exposure
Your $10K is x5 leveraged.
You control $50,000 worth of Oil.
$50,000
Invested (Equity)
$10,000
Your own capital
Exposure
$50,000
x5 · CFD notional
Loan (Implied)
$40,000
Broker-funded portion
Margin Required
$10,000
20% of $50K
🛡 Stop Loss (Auto-set)
$5,000
50% of invested amount · Triggers if position loses $5,000
= Oil drops ~10% from entry ($50K × 10% = $5K loss)
⚠️ This SL is fixed in the legacy CFD account — you cannot adjust it below 50%.
Used Margin New
$10,000
20% × $50K exposure
Free Margin New
$0
Equity − Used Margin
Buying Power New
$0
No spare capacity
Margin Level New
100%
⚠️ Near danger zone
Account Health · Margin Level
100%
Margin Call <100% Safe ▶
How the CFD maps to Margin framework
CFD Notional (exposure) $50,000
Margin req. (20% of $50K) $10,000
Your equity $10,000
Free Margin $0 — fully consumed
Margin Level 100% ⚠️ Edge of call
Open Position
OIL
Crude Oil CFD
x5 Leverage · $50K exposure
$50,000
$10K invested
CFD account: $10K margin controls $50K exposure. Leverage supplied by broker.
!
Margin Account Activated – Position at Full Utilisation
Your Oil CFD is unchanged. But your entire equity ($10K) is consumed as Used Margin. Margin Level = 100% — you are at the margin call boundary. Any loss on Oil will trigger a margin call immediately.
Even a 1% drop in Oil price = $500 loss on $50K exposure — that pushes equity below $10K and triggers a margin call instantly.
‹ Home
Total Equity (Invested)
$10,000
Gold CFD · x5 Leverage · $50,000 exposure
🥇
Total Market Exposure
$10K invested × x5 leverage.
You control $50,000 worth of Gold.
$50,000
Key difference vs Oil CFD: Gold has a 10% margin requirement in the margin account (vs Oil's 20%). Same leverage, same investment — but half the margin consumed, leaving real free margin after conversion.
Invested (Equity)
$10,000
Your own capital
Exposure
$50,000
x5 · CFD notional
Loan (Implied)
$40,000
Broker-funded portion
Margin Req.
10%
vs Oil's 20%
Used Margin New
$5,000
10% × $50K exposure
Free Margin New
$5,000
$10K equity − $5K used
Buying Power New
$50,000
$5K ÷ 10%
Margin Level New
200%
✓ Healthy buffer
Account Health · Margin Level
200%
Margin Call <100% Safe ▶
Gold vs Oil — Same Leverage, Different Margin Req.
Investment $10,000 (both)
Exposure $50,000 (both x5)
Margin req. — Gold 10% → $5,000 used
Margin req. — Oil 20% → $10,000 used
Free Margin — Gold $5,000 ✓ Breathing room
Free Margin — Oil $0 ⚠️ Fully consumed
Margin Level — Gold 200% ✓ Safe
Margin Level — Oil 100% ⚠️ Edge of call
Open Position
GOLD
Gold CFD
x5 Leverage · $50K exposure
$50,000
$10K invested
🛡 Stop Loss (Auto-set)
$5,000
50% of invested amount · Triggers if position loses $5,000
= Gold drops ~10% from entry ($50K × 10% = $5K loss)
⚠️ This SL is fixed in the legacy CFD account — you cannot adjust it below 50%.
CFD account: $10K margin controls $50K exposure. Leverage supplied by broker. Margin req. = 10%.
✓
Margin Account Activated — $5,000 Free Margin Available
Your Gold CFD is unchanged. Used margin = $5,000 (10% of $50K). You still have $5,000 free margin — giving you $50,000 in additional buying power. Margin level is a healthy 200%.
Even with a healthy margin level, a sharp Gold drop can erode free margin quickly. A 10% Gold drop = $5,000 loss — pushing margin level to 100% and triggering a margin call.
‹ Home
Total Portfolio Equity
$20,000
2 positions · TSLA + Oil CFD
📊
Total Market Exposure
TSLA $10K (x1) + Oil $50K (x5)
Combined notional exposure.
$60,000
Before — Legacy eToro Account
Total Invested
$20,000
Your own capital
Total Exposure
$60,000
TSLA $10K + Oil $50K
TSLA Loan
$0
Fully owned
Oil Implied Loan
$40,000
x5 broker-funded
TSLA
Tesla, Inc.
Cash · x1 · Fully owned
$10,000
40% margin req.
OIL
Crude Oil CFD
x5 · $50K exposure
$50,000
20% margin req.
🛡 Stop Loss — Oil CFD (Auto-set)
$5,000
50% of invested amount on Oil · Triggers if Oil position loses $5,000
= Oil drops ~10% from entry ($50K × 10% = $5K loss)
⚠️ This SL is fixed in the legacy account — cannot be adjusted below 50% on leveraged positions.
After — Margin Account View
Used Margin New
$14,000
$4K TSLA + $10K Oil
Free Margin New
$6,000
$20K equity − $14K used
Buying Power New
$15,000
$6K ÷ 40%
Margin Level New
143%
⚠️ Low buffer
Account Health · Margin Level
143%
Margin Call <100% Safe ▶
Portfolio Margin Breakdown
TSLA: Used Margin (40% × $10K) $4,000
Oil CFD: Used Margin (20% × $50K) $10,000
Total Used Margin $14,000
Total Equity $20,000
Free Margin ($20K − $14K) $6,000
Margin Level ($20K ÷ $14K × 100) 143% ⚠️
Legacy account: 2 separate positions, different rules per instrument. No unified margin view.
!
Margin Account Active — Limited Buffer
Both positions unchanged. Combined used margin = $14,000 of $20,000 equity. Margin level 143% — only 43pts above call line. Oil CFD is the dominant risk driver.
A ~6% Oil drop = ~$3,000 loss → equity falls to ~$17,000 → margin level hits 100% → margin call — even though TSLA hasn't moved.
Buying Power & Margin Status BETA
Track and plan your next move with clear buying power insights.
✕
Before (Legacy Account)
After (Margin Account)
Gold CFD: Before vs After Margin
Before (CFD Account)
After (Margin Account)
Invested / Equity
$10,000
$10,000 Unchanged ✓
Total Exposure
$50,000
x5 leverage
$50,000
Unchanged
Margin Requirement
CFD rules
10% of $50K
Used Margin
N/A
$5,000
Half of Oil's $10K
Free Margin
N/A
$5,000
vs Oil's $0 ✓
Buying Power
CFD only
$50,000
$5K ÷ 10%
Margin Level
N/A
200%
vs Oil's 100% ✓
Margin Call Risk
If Gold drops 10%
Gold drop ~10% = call
Stop Loss
$5,000
50% of invested · Fixed
Cannot be adjusted
$5,000
Carried over unchanged ✓
Now adjustable or removable
Portfolio: Legacy vs Margin Account
Before (Legacy)
After (Margin)
Total Equity
$20,000
$20,000 Unchanged ✓
TSLA Position
$10,000
Fully owned
$10,000 Unchanged ✓
Oil CFD Exposure
$50,000
x5 leverage
$50,000 Unchanged ✓
Used Margin — TSLA
N/A
$4,000
40% × $10K
Used Margin — Oil
N/A
$10,000
20% × $50K
Total Used Margin
N/A
$14,000
Free Margin
N/A
$6,000
30% of equity left
Margin Level
N/A
143% ⚠️
43pts above call
Margin Call Trigger
Per instrument
Oil drop ~6% fires call
Cross-position Risk
Isolated
Pooled — Oil loss hits TSLA margin
Stop Loss — Oil CFD
$5,000
50% of invested · Fixed
Cannot be adjusted
$5,000
Carried over unchanged ✓
Now adjustable or removable
Stop Loss — TSLA
No SL (cash position)
No SL · Can set one optionally
TSLA: Cash vs Margin Account
Before (Cash)
After (Margin)
Balance / Equity
$10,000
$10,000 Unchanged ✓
Loan / Borrowing
Not allowed
Up to $15,000
Used Margin
N/A
$4,000
40% of $10K
Free Margin
N/A
$6,000
Buying Power
$0 extra
+$15,000
$6K ÷ 40%
Margin Level
N/A
250% — comfortable
Margin Call Risk
None
Yes (if TSLA ↓ sharply)
Interest
$0
$0 until borrowing starts
Oil CFD: Before vs After Margin
Before (CFD Account)
After (Margin Account)
Invested / Equity
$10,000
$10,000 Unchanged ✓
Total Exposure
$50,000
x5 leverage
$50,000
Unchanged
Implied Loan
$40,000
Broker-funded
$40,000
Now explicit loan
Used Margin
N/A (CFD margin)
$10,000
20% of $50K exposure
Free Margin
N/A
$0
Fully consumed
Buying Power
Limited to CFD rules
$0
No spare capacity
Margin Level
N/A
100% ⚠️
Edge of margin call
Margin Call Risk
If Oil drops
Immediate — any loss triggers call
Stop Loss
$5,000
50% of invested · Fixed
Cannot be adjusted
$5,000
Carried over unchanged ✓
Now adjustable or removable