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Margin Call Policy WPP Inc. may, at the discretion of its dealers, close any or all open positions in a trader's account, in the event that an account falls below the minimum required equity (margin call). However, when possible, we will try to first close only the positions that carry the most risk. It is the customer's responsibility to monitor and maintain his/her margin account balances at all times. You may keep track of your equity and usable margin in the "Account's) Information" window on the Visual Trading platform. A margin call is reached if a client's account equity falls below the required margin. For example, in a Standard FX account, if a client has 10 lots of open positions a margin call will occur if account equity drops below $5,000. At this point, some or all of the client's open positions will be closed immediately at current prices. Traders are also able to monitor both usable margin and used margin in real-time from the "Account Information" window of the Momentum Dealing Software. Positions will be automatically closed once usable margin drops below zero. WPP Inc. encourages clients to avoid margin calls by either using stop loss orders or maintaining adequate funds in the account relative to position size. It is the customer's responsibility to monitor and maintain his/her margin account balances at all times. WPP reserves the right to adjust the per-unit margin requirement at any time. The margin will be adjusted at the sole discretion of WPP's management, depending on the Account Equity, volume traded and market conditions at the time of adjustment. When an account balance is no longer able to cover the minimum margin requirement, all positions will be closed automatically. Clients with open positions are advised to check their margin status constantly via WPP Momentum Dealing Platform that track margin details in real-time . |
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