What is Stop-Out?
Stop-Out is the forced closing of positions when the account equity falls to a certain loss level (for Instant and Market accounts, this happens when the account margin level reaches 50% or below).
What is Margin Call?
Margin Call is a situation in MetaTrader 4 and MetaTrader 5 terminals when the account margin level falls to 100% or less.
Effectively, Margin Call is a warning that your available funds are almost insufficient to maintain open positions and that a Stop-Out may soon occur.
The margin level indicator is calculated as:
Margin Level = (Equity / Used Margin)×100%
You can find this indicator in the MetaTrader terminal under the "Trade" tab in the "Terminal" window.
Example
Here’s what the "Trade" tab looks like under normal conditions:
The margin level shown in the screenshot is 104.77%.
When the margin level drops below 100%, a Margin Call is triggered. Here’s what the "Trade" tab looks like during a Margin Call:
What’s the difference between Stop-Out and Margin Call?
Stop-Out means positions are forcibly closed to prevent further losses once the margin level hits a critical low (e.g., 50%).
Margin Call is just a warning indicating your account is at risk of reaching the Stop-Out level.