|Tier||Net Open Position (USD)||Margin|
|1||< 2 M||0.50%|
|Tier||Net Open Position (USD)||Margin rate||Margin total (units x margin rate)|
|1||2,000,000||0.50%||2,000,000 x 0.5% = $10,000|
|2||1,500,000||1.00%||1,500,000 x 1.00% = $15,000|
|Total||3,500,000||$10,000 + $15,000 = $25,000|
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Frequently asked questions
How do market events and weekends impact margin?
Price volatility and changes in global market liquidity can result in large spread increases around market openings and closings, following news announcements, and during times of uncertainty. At such times, our spreads usually widen to reflect market conditions. However, there may be occasions during which we opt to implement a fixed spread rather than allowing a spread to continue to widen.
If you leave trades open during the weekend or before markets close, or in the event that a particular market is suspended, you cannot close them until the markets reopen. Note that prices may change significantly or "gap" when trading resumes. If prices move against you, a margin closeout may be triggered when trading resumes if you have insufficient funds on your account to support your trading.
Spreads (the difference between the bid price and the ask price) typically widen just prior to closure of the markets and when they open, to reflect decreased liquidity in the global markets. These widened spreads could trigger stop-loss orders or margin closeouts when a position is open at this time.
What is a margin call and margin closeout?
In order to keep a position open, you are required to maintain a minimum amount of equity in your trading account, this is known as margin requirement. This equity is your cash balance, plus any trading credits and the sum of your unrealised P/L.
The MetaTrader margin level % is defined as:
(equity / margin used) x 100
If the margin level of your trading account falls below 100%, we will send you an email to inform you. If this happens, you will be unable to open any new positions. You might also want to consider adding more funds to your account or closing some positions to reduce the amount of margin you are using.
Should your margin level then drop to 50%, you are no longer meeting your margin requirement and we shall trigger margin closeout, whereby we automatically close out one or more of your positions, starting with the position with the largest loss on an open market.
Note: in fast-moving markets, there may be little or no time at all to warn you.
You are responsible for monitoring your trading account to prevent margin closeouts.