Margin call and stop out procedure
Margin calls are used to notify customers to consider closing some or all of their open positions, or to deposit additional funds to be able to keep the positions open.
At Skilling, we don’t like customers to risk more than they intended. So, you will get margin call warning if your Cash Used reaches the 100% of the Account Balance.We will then close your positions(also called the liquidation level) automatically if your Cash Used reaches the 200% of the Account Balance. Notifications will be made through the platform and one of our customer support team will be in touch should you need further clarification.
*Please note in the Skilling platform a ‘100% margin level’ is the equivalent to when the margin required is equal to the amount of equity in your account.