MarginCall
In the codexIndieSimulationStrategy

MarginCall

MarginCall is a market with no scripted prices. Hundreds of independent traders, each with its own money and mind, price a real order book inside a fully simulated economy. Build a fortune, control industries, raid rivals, or get margin called into ruin.

DEV: Functionally HumanPUB: Functionally HumanAppID 4961460
UPDATE PULSEevery ~4d·last 6d ago·19 recent on record

Is MarginCall still being updated? — the short answer, with the evidence.

91.2
Excellent

Elixir Rating

78.9% of 123 Steam reviews are positive, which after adjusting for sample size gives a reception score of 70.8. The developers have shipped 17 substantial updates in the past six months, adding 20.4.

reception 70.8·support +20.4·Excellent

Computed from Steam’s own review tally and observable developer activity — never from anyone’s opinion of the game. How this is calculated

Should you look into this?

From Steam's own record

Current price

$11.99$14.99−20%

Development

Actively supported

Last heard from developers

6 days ago

Usual rhythm

every ~3 days

Substantial updates (6 mo)

17

Current silence

within normal range

The developers post roughly every 3 days and were last heard 6 days ago — within their normal range. 17 substantial updates landed in the past six months, 1 of them major. It is currently 20% below its usual price.

Distilled by the oracle

Our coverage

1 dispatch written from this game’s announcements

patchAug 21, 2026

MarginCall's Digital Frontier Update Overhauls Crypto and Data Centers

MarginCall's Digital Frontier Update, published by Gmodgoon on 19 August 2026, addresses three long-standing gaps in the game's crypto simulation: anachronistic coin pricing, single-coin mining, and data centers that were little more than abstract number generators.

What changed

Crypto pricing by era

  • Coins now open at a price appropriate to the starting year. Begin in a later period and Bitcoin trades in the thousands, Ethereum in the hundreds, and smaller coins in cents.
  • Players starting in 1990 still watch every coin launch cheap and appreciate over time, preserving the original progression.

Eight minable coins

  • Bitcoin, Litecoin, Dogecoin, Ethereum, Ethereum Classic, Monero, Dash, and Zcash can all be mined via proof-of-work, each appearing in the mining picker after its in-game launch date.
  • Mining rewards scale with hash power; rival miners dilute the player's share.
  • Early mining of young coins is designed to reward accumulation rather than immediate returns, reflecting how low-value coins historically grew.

Data Centers become physical infrastructure

  • A Data Center is now a building stocked with servers rather than a static stat.
  • New centers start empty, acquire servers over time to fill racks, and gain hash or hosting capacity as the fleet grows.
  • Servers carry a real running cost and create demand for player-produced factory goods.
  • Rival companies also grow, list, and compete dynamically over time.

Existing saves are confirmed compatible. For players building industrial or investment empires, the update transforms crypto from a side abstraction into a layered business with meaningful timing decisions and genuine operational costs.

Two years of development

■ substantial ■ routine

Nov2025FebMayAugNov2026FebMayAug

23 announcements · 17 substantial · 21 months with nothing

Recent Transmissions

23 entries in codex

Community AnnouncementsSep 28, 2026
Major Update

Hi everyone,After several weeks of work and a lot of feedback from the Beta Branch, the latest version of MarginCall is now moving to the main branch. This is a very large update touching almost every major part of the game. The biggest cha…

Read this patch for

Community AnnouncementsSep 28, 2026
Beta Branch Stability Patch

Hi everyone,Following yesterday's major Beta Branch update, we've released a smaller follow-up patch focused on issues and edge cases that became apparent after the new economic systems were put through wider testing. The main focus of this…

Read this patch for

Community AnnouncementsSep 27, 2026
Beta Branch Update

Hi everyone, Thank you for all of the feedback, bug reports and suggestions you've been sending our way. This Beta Branch update is a fairly substantial one, with a major focus on making MarginCall's underlying economy more consistent, reac…

Read this patch for

Community AnnouncementsSep 23, 2026
Beta Branch - Smaller Update

In addition to the Beta Branch released yesterday, here's some additional changes to help improve the production economy, QoL and some UI issues: Production EconomyFixed a supply and demand issue that could cause heavily overproduced goods,…

Read this patch for

Community AnnouncementsSep 22, 2026
Beta Branch Patch Notes

Hello everyone, Thank you all for your feedback so far. We've been working hard to make improvements to the game, and have updated the Beta Branch with some important QoL and UI changes. We're continuing to work on the Beta and hope to push…

Read this patch for

Community AnnouncementsSep 16, 2026
Beta Branch Now Live!

Hi Everyone! If you haven't seen it already, the MarginCall Beta Branch is now available on Steam. Accessible via the Steam Library > MarginCall > Properties > Game Versions & Betas The Beta Branch is still very much a work in progress, but…

Community AnnouncementsSep 2, 2026
02/09/2026 - Update Notes

Performance - Fixed a progressive slowdown that set in after roughly nine in-game months, on both fresh and loaded games. - Fixed an additional, slower slowdown that crept in over one to two in-game years of continuous play. - Removed the o…

Read this patch for

Community AnnouncementsSep 1, 2026
01/09/2026 - UPDATE NOTES

MONEY AND EXPLOITS - Fixed a net worth exploit when buying funds using a company you control - Debt financed fund buyouts are now actually paid for instead of being free - Fund buyouts now check your free cash so they cannot spend reserved …

Read this patch for

Community AnnouncementsAug 30, 2026
30/08/2026 - Lag Fix Patch

Performance - Fixed multiple causes of lag that slowly built up the longer a save was played. Long running games should now feel as smooth as a fresh one. - Chart candle storage rewritten to a far faster structure. This was a hidden cost pa…

Read this patch for

Community AnnouncementsAug 26, 2026
Font Size Fix

Increased global font size scale from 1.2x to 1.4x Added font size setting under "Settings" -> "Graphics"

Community AnnouncementsAug 24, 2026
Font Fix - Korean, Japanese, Chinese

Font Fix - Korean, Japanese, Chinese

Community AnnouncementsAug 24, 2026
Patchnotes

This update rebuilds how prices move, so the market trends, runs, and breathes like a real one and fills the chart with genuine activity. It also closes several ways the market could be gamed, sharpens the trading screen, fixes text and lay…

Community AnnouncementsAug 20, 2026
MarginCall Hotfix - Patch Notes

Ownership & Companies - Fixed ownership able to exceed 100% (the 155% stake bug). - Buybacks on a company you control can no longer inflate your stake past full ownership. - Spinoffs are now capped at one per company. - Companies only spin …

Community AnnouncementsAug 19, 2026
The Digital Frontier Update

Crypto that makes sense at any era, Data Centers that run on real servers, and a rival world that grows around youCrypto used to open at its launch day price no matter when you started, mining meant Bitcoin and nothing else, and a Data Cent…

Read our dispatch on this

Read this patch for

Community AnnouncementsAug 14, 2026
The Sound Money Update

A rebuilt data terminal, a living economy that finally adds up, and a whole set of new productsThis is by far the largest update MarginCall has had. The entire data terminal was rebuilt to read clearly at a glance, the commodity markets and…

Read this patch for

Community AnnouncementsAug 9, 2026
Charting, Drawing Tools and Global Markets Update

This update rebuilds the trading chart into a full charting workstation, gives the Global Markets screen proper buy and sell tickets with live costs and profit and loss, turns subsidiaries into companies you can actually run, and clears out…

Read this patch for

Community AnnouncementsAug 7, 2026
Join the Functionally Human Discord

We've finally created the Functionally Human Discord. Please join us if you'd like updates, have questions or would like to help shape the future of MarginCall. The link is now on the store page, or alternatively https://discord.gg/VeCH5fqX…

Community AnnouncementsAug 5, 2026
05/08/2026 - Custom Colour Themes Update

This update lets you recolour the entire terminal with a set of built in colour themes, and fixes how the game behaves when you switch theme, along with a batch of pause, loading and settings issues. Existing saves are compatible.AddedColou…

Read this patch for

Community AnnouncementsAug 5, 2026
05/08/2026 - Financial Reporting & Corporate Empire Update

This update improves company financial statements, surfaces the data the simulation was hiding from you, lets you own and run many companies at once, adds proper downturns, and fixes a batch of market, accounting and performance bugs.Existi…

Read this patch for

Community AnnouncementsJul 30, 2026
30/07/2026 - Market and Economy Stability Update

Market and economy stability UpdateThis is a large one. The market and the underlying economy have both been rebuilt to move realistically: a gentle long-term uptrend with normal volatility and occasional real drawdowns, instead of violent …

Read this patch for

Community AnnouncementsJul 23, 2026
23/07/2026 - Update

AddedCornering a company now genuinely changes its market. As you buy up a name's tradable shares, the order book shows a live "Available" float that shrinks, its stock becomes hard to borrow, resting offers thin out, and a short squeeze in…

Read this patch for

Community AnnouncementsJul 20, 2026
20/07/2026 - Update Notes

AddedAdded oversold conviction scaling for the Contrarian and Swing hedge fund AIs - they now press harder the more a stock has sold off, but only on names genuinely trading below fair value, so the aggression reinforces a sound trade inste…

Read this patch for

Community AnnouncementsJul 19, 2026
19/07/2026 - Update Notes

AddedAdded a CRT display mode (screen curvature, scanlines, RGB phosphor mask, glow, vignette, and subtle flicker/roll) - toggle it in Settings -> Graphics. On by default.Added a "Text Style" option (DOS / Standard font) in Settings -> Gene…

Read this patch for