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Do you first close unopened orders after margin call?


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Hi 

I haven't been able to find any information on this so here are my questions:

When you start closing positions after a margin call when equity drops below 50% of margin requirements:

- Do you first close limit orders that haven't been opened yet rather than open positions?

- Do you close order by order or all positions at once?

So my example is, I'm nearing 50% but have a number of limit orders that haven't been triggered/opened yet. Without those I have plenty of equity left for my live trades. 

 

Thanks 

Edited by Profanello
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  • Profanello changed the title to Do you first close unopened orders after margin call?
On 18/06/2022 at 07:58, Profanello said:

Hi 

I haven't been able to find any information on this so here are my questions:

When you start closing positions after a margin call when equity drops below 50% of margin requirements:

- Do you first close limit orders that haven't been opened yet rather than open positions?

- Do you close order by order or all positions at once?

So my example is, I'm nearing 50% but have a number of limit orders that haven't been triggered/opened yet. Without those I have plenty of equity left for my live trades. 

 

Thanks 

Hi @Profanello,

Thank you for your post.

Your positions will be closed on a First in First out (FIFO) basis, meaning we will close the position by order not all of them.

We will not close your open orders, otherwise you will miss out on opening position on markets you wanted too.

You will receive warnings as explained in the link below. You can close your open orders if you like to avoid closing open positions.

What is margin call? | IG UK

I hope that it helps !

All the best - Arvin

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