Margin trading

Margin calls and liquidation on Kraken Pro

See your liquidation price before you open your trade. Dynamic margin health updates and customizable alerts keep you ahead of downturns.

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Know where the floor is before you enter.

Kraken Pro shows you your liquidation price, projected margin level, and borrow cost in the order interface before you confirm.

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Margin 10x ∨

Your margin health. Always visible.

Kraken Pro shows your liquidation price, margin level, and borrow cost in the order interface before you confirm. Know where you stand before the position goes live.

Kraken Pro margin health and liquidation price interface on desktop

Kraken Pro margin health and liquidation price interface on mobile

Crypto collateral. Not just USDC.

48+ eligible crypto assets as collateral. Not just USDC. Trade with leverage using what you already own.

Your liquidation price. Before you open.

Kraken Pro calculates and displays your liquidation price in the order interface before you confirm the trade. Know your floor before the position goes live.

Margin health. Live, not lagging.

Current margin level, projected margin level, and P&L update in real time as the market moves. See exactly how much room you have and when it's shrinking.

No qualification barrier to trade with leverage

No accredited investor requirement.

Spot margin trading on Kraken Pro is open to all eligible retail traders. No minimum net worth, no qualification barrier.

Monitor margin health

Your collateral determines how far the market can move against you before a margin call triggers. The more buffer you maintain above maintenance margin, the more room your position has to stay open. Available margin is always visible in Kraken Pro.

Receive margin warnings

Liquidation price, maintenance margin threshold, and projected margin level all shown in the order form before you confirm. Set a stop-loss and your position exits before it ever reaches the liquidation engine.

Act before liquidation

Open with full visibility of your risk parameters. Live P&L, 24/7 access, no expiry. If a margin call comes in, you can choose to add collateral or reduce exposure. The interface shows you both options. Close whenever you're ready.

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How margin calls and liquidation work on Kraken Pro

Three stages. Know what to expect at each one.

Checking liquidation price and margin level before opening a position

Check the floor before you open — Kraken Pro shows your liquidation price, maintenance margin threshold, and projected margin level in the order form before you confirm. Adjust collateral or leverage until the floor is where you want it.

Monitoring live margin health and P&L on Kraken Pro

Watch margin health, live — Current margin level, projected margin level, and P&L update in real time as the market moves. Set a stop-loss to exit on your own terms — before the engine ever needs to act.

Responding to a margin call or liquidation on Kraken Pro

Respond, or let the engine close — If equity drops below maintenance, a margin call triggers in the interface. Add collateral or reduce exposure to resolve it. If no action is taken, the liquidation engine closes positions to prevent further loss and returns remaining collateral to your account.

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Margin call FAQs

How do I know how close I am to a margin call?

Your current margin level and projected margin level are shown live in the Kraken Pro interface. Your liquidation price is visible in the order panel before you open and in the position summary while it's running.

What's the fastest way to stop a margin call once it's triggered?

Add more collateral or close part of your position to reduce required margin. Both options are available directly from the position panel in Kraken Pro. Either action can resolve a margin call immediately.

What happens to my other positions if one gets liquidated?

With Kraken's cross margin functionality, the liquidation engine closes what it needs to across the account to restore total equity above maintenance margin.

What is a liquidation price and how do I avoid it?

Your liquidation price is shown in the order interface before you confirm and in your open positions panel. To extend your liquidation price further from your position, simply add collateral, reduce your leverage, or set a stop-loss to exit before it's reached.

Is spot margin trading available in my region?

Spot margin trading on Kraken Pro is available to eligible clients in most supported regions. Availability varies by jurisdiction — certain regions, including Canada and New Zealand, are excluded. In the US, spot margin trading is provided via NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US, a CFTC-registered Futures Commission Merchant. Eligible Counterparties (ECPs) may also access margin trading. Check your account settings in Kraken Pro to confirm eligibility in your region.

Learn more

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Spot margin trading involves substantial risk and is not suitable for everyone. You may lose all or more than the initial investment, exceeding the value of collateral deposited with the firm to open and maintain the position. You may be required to provide additional collateral on short notice or no notice, and you may remain responsible for any deficiency after liquidation and collateral application. Trading should be undertaken only with risk capital—funds that can be lost without jeopardizing one’s financial security or lifestyle—and only by those who can afford such losses. While leverage can increase potential returns, it also significantly increases risk. Leverage available may vary by asset. Past performance is not necessarily indicative of future results. Availability of spot margin trading through Kraken Derivatives US is subject to certain limitations and eligibility criteria. View Risk Disclosure Statement.

Spot margin trading is provided by NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US, a CFTC-registered Futures Commission Merchant and NFA Member (NFA ID: 0309379), with financing provided by Payward Accredited LLC. View Disclosures.