on IG, am I forced to trade with a huge margin?

[bibstrunk]

Hello, I've been trying to place a trade (USD/KRW), the smalllest possible trade that I can put on (minimum possible allowed loss) asks me to have 2500EUR in my account. Am I Missing something? If not then why is the minimum deposit $300 if you need to have at least $3000 in your account to actually place the trade? or is there anywhere that I can lower the margin? Thanks.

[Caseynotes]

49 minutes ago, bibstrunk said:

Hello, I've been trying to place a trade (USD/KRW), the smalllest possible trade that I can put on (minimum possible allowed loss) asks me to have 2500EUR in my account. Am I Missing something? If not then why is the minimum deposit $300 if you need to have at least $3000 in your account to actually place the trade? or is there anywhere that I can lower the margin? Thanks.

hi, the margin requirement is set by the industry regulator (ESMA) not the broker.

[dmedin]

Nobody forces you to trade.

[dmedin]

[MarcoEsq]

Have you tried a more liquid pair like EUR/USD?