Ultima Markets margin and pip calculator
Margin is position size divided by leverage — in the base currency. Your ringgit is converted into that currency when it lands and never enters the formula itself.
Open an FxPro account →Margin at Ultima Markets is position size divided by leverage: at the listed maximum of 1:2000, one 100,000-unit position needs 50 units of base currency, while at 1:100 the same position needs 1,000. Pip value is fixed by lot size, not by leverage — 10 units of the quote currency on a standard lot, 0.10 on a micro lot.
The arithmetic
This page is a working tool for a trader in Malaysia whose account is funded in ringgit: it turns leverage and lot size into the two numbers that decide a position — the margin locked and the money per pip. Work it out once and the rest of the account becomes readable.
- Margin = position size ÷ leverage. At the listed maximum of 1:2000, a 100,000-unit position needs 50 units of the base currency
- At 1:100 the same 100,000-unit position needs 1,000 units — twenty times more, for an identical market exposure
- One pip on a standard 100,000-unit forex lot is 10 units of the quote currency; on a 0.01 lot it is 0.10
- Cent accounts quote balance and commission in cent units (0 USC or 5 USC), so the same arithmetic runs at one hundredth of the scale
- A ringgit deposit is converted into the account’s base currency before any of this applies, so the MYR amount you send is not the number the margin is calculated from
Margin required for one 100,000-unit position
| Leverage | Margin in base currency | Share of the position |
|---|---|---|
| 1:2000 | 50 | 0.05% |
| 1:500 | 200 | 0.2% |
| 1:200 | 500 | 0.5% |
| 1:100 | 1,000 | 1% |
| 1:30 | 3,333 | 3.33% |
The overnight cost lands while Malaysia sleeps
Margin and pip value are the visible half of position sizing. The half people forget is the swap: a financing charge or credit applied to any position still open at the daily roll.
On a Malaysian clock the daily roll falls in the early hours of the local morning, and that hour shifts when the United States changes its clocks while Malaysia — fixed at UTC+8 with no daylight saving — does not. That is the market-wide rollover convention — described in Wikipedia’s foreign exchange swap article — and not a figure published by this broker. So the cost of holding a position overnight is charged at a moment almost no Malaysian trader is watching, and it appears in the account before the morning. How much is charged depends on the instrument and on the broker’s own swap table: Ultima Markets does not publish a swap schedule on the pages this site read on 15 September 2026, so no swap amount or multiplier is printed here. Read the figure in the terminal for the symbol you actually hold, before you hold it overnight.
Leverage interacts with this in a way the margin formula hides. At the listed maximum of 1:2000, a 100,000-unit position locks only 50 units of base currency — so a small balance can hold several positions at once without any margin warning. The swap, however, is charged on the full position size, not on the margin. Cheap to open is not the same as cheap to hold. Swap and rollover conventions are described in Wikipedia’s foreign exchange swap article.
Sources and verification dates
Leverage and account figures were read on Ultima Markets’ own pages on 15 September 2026. Why no swap figure is printed here at all is explained on how a figure gets published. On the mechanics and their risks, see Investopedia on margin; European regulators publish the reasoning behind leverage caps at ESMA, which is useful context for a 1:2000 offer.
Margin is one division
Position size divided by leverage, in the base currency. At 1:2000, a 100,000-unit position locks 50 units. At 1:500, 200. At 1:100, 1,000. At 1:30, 3,333.
The exposure is identical in all four cases and so is the money made or lost per pip. Only the share of the balance held aside changes — which is why higher leverage is not a cheaper trade, only a looser one.
Pip value is a separate calculation
Ten units of the quote currency per standard lot, one per mini, 0.10 per micro. Cent tiers run the same arithmetic at one hundredth of the scale, with commission quoted as 0 USC or 5 USC.
Pip value does not move when leverage moves. A trader who raises leverage to 'trade bigger' has not changed what a pip is worth — they have changed how many lots the balance will permit before a margin call, which is a different and more dangerous thing.
Two costs the formula leaves out
Conversion: a ringgit deposit is converted into the base currency when it lands, so the MYR amount you sent is not the figure the margin calculation runs on.
Financing: the swap is charged at the daily roll, on the full position size rather than on the margin. The amount depends on the instrument and on the broker’s own swap table, which is not published on the pages this site read on 15 September 2026 — so check it in the terminal. At 1:2000, a balance can hold several positions with no margin warning at all while paying financing on all of them.