Forex Time (FXTM) is committed to providing complete transparency in all its services and would like to advise clients that from Monday June 2nd 2014 there will be new Margin Call and Stop Out levels on both Cent and Fixed Spread accounts. The new levels will be affected automatically on this date and clients with Cent or Fixed Spread accounts are advised to factor the changes into their trading plans.
What is a Margin Call?
A Margin Call in forex trading is when a trader's open positions are automatically closed in order to prevent his account from entering into debt.
What is a Stop Loss Order?
Traders can choose to set a Stop Loss Order to close out their trading at a certain point to limit losses. Stop losses can be set in advance so that when traders are not able to watch their platform, trades will close at the requested price.
The following changes will be implemented on both Cent and Fixed Spread accounts:
- Margin Call will change from 30% to 60%
- Stop Out will change from 10% to 40%
For further information or assistance with your trading account please contact the Client Services team via live chat or by calling +44 203 734 22 55 / +357 25558 777.