By Captainsaudi · Posted
By BashJasper · Posted
By BashJasper · Posted
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Question
Guest Subra
Hi IG team,
Please find the below attached summary of my two accounts held with IG so far. Out of the two accounts, I guess one account 100071 will be affected due to the upcoming increased margin requirements (2% to 5%). Please confirm whether my calculation is correct and let me know how to avoid a margin call for my account 100071. From my understanding, I am thinking of two options,
Option1: Transfer the balance equity from 100071 to my other account 102230.
Option 2: Close this 100071 account.
Please check and recommend me a solution. Another question: For 100071 account, after 5thOct, will my account be completely shutoff or only few orders will be closed by IG and leave the account alive?
NAME
AC NO
Current margin
Current free margin
New margin(1.5 times of current margin)
New free margin (current free margin – new margin)
Margin call
Subra-1
100071
17604
6000
26406
-20406
Yes
Subra-2
102230
19000
62000
28500
33500
No
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