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TAIEX futures margin and leverage calculator

TAIFEX margins for TX, MTX and TMF from the exchange's latest notice, the contract value at your index level, your leverage, and how far the index can move before a margin call.

Runs in your browser. Nothing you type is uploaded. · Data checked 2026-08-12

Result

Initial margin
TWD 175,250
Maintenance margin
TWD 134,500
Day-trade initial margin
TWD 88,000
Contract value
TWD 2,287,950
Leverage (value ÷ initial margin)
13.06×
Margin as % of value
7.66%
Value of one index point
TWD 50
Your leverage (value ÷ equity)
7.63×
Equity above initial margin
TWD 124,750
Risk indicator (equity ÷ initial margin)
171.2%
Adverse move to a margin call
3,310 points
Adverse move to forced liquidation (risk indicator 25%)
5,123 points

Turn on JavaScript to recalculate. The results below are for the example values.

TAIFEX margins per contract (NT$)

TAIFEX notice updated 2026-08-12

ContractPer pointInitialMaintenanceClearingDay-trade initial
TAIEX Futures (TX)TWD 200TWD 701,000TWD 538,000TWD 519,000TWD 351,000
Mini-TAIEX (MTX)TWD 50TWD 175,250TWD 134,500TWD 129,750TWD 88,000
Micro TAIEX (TMF)TWD 10TWD 35,050TWD 26,900TWD 25,950—

How it works

How far can the index move against you?Example: 1 MTX, account equity NT$300,000EquityTWD 300,000Initial marginTWD 175,250MaintenanceTWD 134,500Forced liquidation (25%)TWD 43,8133,310 pointsKeep equity well above the initial margin.

Initial and maintenance margin

Initial margin is what you need in the account to open a position. Maintenance margin is the level it must stay above. If equity falls below maintenance, the broker issues a margin call to bring it back to the initial margin.

If equity keeps falling and the risk indicator (equity ÷ initial margin of open positions) drops below 25% during the session, the broker closes the positions.

Leverage

Contract value = TAIEX level × NT$ per point × contracts. TX is NT$200 per point, MTX NT$50 and TMF NT$10. Leverage = contract value ÷ the margin you put up: with only the initial margin in the account, a small percentage move in the index is a large percentage of your equity.

Day-trade margin

For positions opened and closed in the same day session, TAIFEX lets brokers collect half the margin (rounded up to NT$1,000) on TX and MTX. It does not apply to the night session.

When margins change

TAIFEX changes margins when volatility changes, sometimes several times a year. This page shows the date of the notice it uses; brokers may ask for more than the exchange minimum.

Source: Taiwan Futures Exchange (TAIFEX), index futures margin table.

Questions

How much margin do I need for one mini TAIEX (MTX) contract?

The initial margin in TAIFEX's notice shown above, per contract. Keep more than that in the account: with only the initial margin, a fall of a few hundred points brings a margin call.

What is the difference between TX, MTX and TMF?

Only the size: TX is NT$200 per index point, MTX NT$50 (a quarter of TX), and TMF NT$10 (a twentieth of TX). Margins scale the same way.

When is a margin call issued?

When equity falls below the maintenance margin of your open positions. You then need to bring equity back up to the initial margin.

Are these the margins my broker charges?

They are the exchange minimums. Brokers can ask for more, especially in volatile markets; check with yours.

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For education. Not investment advice. Check the exchange before you trade.