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Frequently asked questions
How do market events and weekends impact margin?
Rate 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, we widen our spreads to reflect market conditions.
If you leave trades open during the weekend or halted markets, you cannot close them until the markets reopen. Note that rates may change significantly or "gap" when trading resumes. If rates move against you, a margin closeout may be triggered when trading resumes.
What is a margin call and margin closeout?
Margin calls are an important aspect of leveraged trading. If the balance in your account falls to a level that is below the minimum regulatory margin requirement, a margin call will get triggered. If this happens, we could ask you to deposit more funds into your account to increase your account balance or close open positions to return your margin closeout value to greater than your regulatory margin used.
If your margin closeout value is less than your regulatory margin used, you will receive a margin call alert by email. Margin call alert emails are sent at 3:45 p.m. (EDT) daily. Margin call emails will only be sent out if your account falls below the regulatory value.
You can avoid margin closeouts by reducing the amount of margin you are using. This can be done by closing some trades or by adding more funds to your trading account. Find out more about our margin closeout rules.
Note: In a fast moving market, there may be little time between warnings, or there may not be sufficient time to warn you at all. Be mindful of the “margin closeout percent” field in the account summary of the fxTrade user interface. The closer the margin closeout percent is to 100%, the closer you are to a margin closeout.