Маржа И Депозит На Форекс

Minimum financial requirements help protect customers and market participants by requiring Members to maintain enough capital to remain solvent and meet their financial obligations.

FDM Capital Requirements

Each FDM must maintain adjusted net capital (ANC) (See CFTC Regulation ) equal to or in excess of the greatest of:

1. $20,,; or
2. The amount required by (i) plus:
   1. 5% of all liabilities the FDM owes to customers (as customer is defined in NFA Compliance Rule (s(2)) and to eligible contract participant counterparties that are not an affiliate of the FDM and are not acting as a dealer exceeding $10,,; and
   2. 10% of all liabilities the FDM owes to eligible contract participant counterparties that are an affiliate of the FDM not acting as a dealer; and
   3. 10% of all liabilities eligible contract participant counterparties that are an affiliate of the FDM and acting as a dealer owe to their customers (including eligible contract participant), including liabilities related to retail commodity transactions as described in Section 2(c)(2)(D) of the CEA; and
   4. 10% of all liabilities the FDM owes to eligible contract participant counterparties acting as a dealer that are not an affiliate of the FDM, including liabilities related to retail commodity transactions as described in Section 2(c)(2)(D) of the Act; or
3. For FCMs, any other amount required under NFA Financial Requirements Section 1.

An FDM may not include assets held by an affiliate or an unregulated person in its current assets for purposes of determining its ANC under CFTC Regulation An affiliate is any person that controls, is controlled by, or is under common control with the FDM. An unregulated person is defined as any person that is not one of the following:

1. A bank or trust company regulated by a U.S. banking regulator;
2. A broker-dealer registered with the SEC and a member of FINRA;
3. An FCM registered with the CFTC and a Member of NFA;
4. An RFED registered with the CFTC and a Member of NFA;
5. A bank or trust company regulated in a money center country and which has in excess of $1 billion in regulatory capital.

An FDM for which NFA is the DSRO that is required to file any document with or give any notice to its DSRO under CFTC Regulation , and , or is required to file any financial report or statement with any other securities or futures self-regulatory organization (SRO) of which it is a Member shall also file one copy of these documents or give notice to NFA at its Chicago office no later than the date such document or notice is due to be filed with the CFTC or the SRO.

An FDM may not consider offsetting currency transactions or positions executed with or held by or through an affiliate or unregulated person for purposes of determining net currency positions and the required capital deductions under CFTC Regulation (c)(5).

Net Capital Calculation

The formula for determining&#;ANC&#;is:

Current Assets &#; Liabilities &#; Charges Against Net Capital = ANC

CFTC Regulation defines these terms (except that NFA's Financial Requirements Section 11 limits current assets as described above). Your firm's financial statements must be prepared according to generally accepted accounting principles (GAAP). In some cases, however, CFTC Regulation is more restrictive than GAAP. You must always follow CFTC Regulation when calculating your firm's net capital.

FDMs must prepare CFTC Form 1-FR in accordance with CFTC Regulation and file it with NFA and its DSRO on a monthly basis. An independent public accountant must certify the financial statement prepared as of the firm's fiscal year end. Although the Form 1-FR contains a number of different financial statements, only the applicable statements need to be prepared for each filing.

Unaudited Form 1-FR must contain the following:

• Statement of financial condition;
• Statement of the computation of minimum capital requirements;
• Statement of changes in ownership equity; and
• Statement of changes in liabilities subordinated to the claims of general creditors pursuant to a satisfactory subordination agreement (if applicable).

The certified year-end Form 1-FR must also include:

• The statement of income; and
• The statement of cash flows.

The certified statement must also contain any necessary footnote disclosures, an auditor&#;s opinion covering all statements, and an auditor&#;s supplemental report on material inadequacies.

NFA must receive unaudited Form 1-FRs within 17 business days after the statement date. NFA must receive audited Form 1-FRs within 90 days after the statement date. Please note that if the FDM/RFED is registered as an FCM, NFA must receive audited Form 1-FRs within 60 days after the statement date.

The instructions for the Form 1-FR generally say where to classify items on the form. When the CFTC adopted Form 1-FR, however, registered firms generally did not conduct forex business. As a result, the form does not clearly indicate how to account for some items related to the forex activities of FDMs.

FDMs should account for their forex activities on the Form 1-FR form as follows: On the asset side of the balance sheet, funds received from customers for forex transactions should be classified as "Retail Forex Aggregate Assets." On the liability side, the firm should classify amounts owed to customers under accounts payable on the line designated as "Obligation to Retail FX Customers." Any forex activities with ECP clients should still be classified as "other" and forex income (retail and ECP) should still be classified under "other income."

Capital Charges for Forex Positions

FDMs must take a capital charge on all uncovered proprietary positions, although the firm may net on-exchange and off-exchange positions when determining the firm's uncovered position. Uncovered off-exchange proprietary positions are subject to a haircut charge that depends on the underlying currency. Net balances in British pounds, Japanese yen, Canadian dollars, Swiss francs and the Euro are subject to a 6% charge. Net balances in all other currencies are subject to a 20% charge.

When calculating its net position, your firm may include foreign currency held in deposit, investment, or trading accounts at banks, FCMs, broker-dealers, and similar entities if the following conditions are met:

• The foreign currency is unencumbered and immediately accessible, making it available to satisfy your firm's obligations to its customers; and
• Your firm treats the foreign currency in the account consistently for capital purposes (i.e., the foreign currency is always included when determining the firm's net position).

An FDM, however, may not include positions at an affiliate or an unregulated person when calculating its net position for purposes of the capital charge.

Subordinated Loan Agreements

Proceeds from subordinated loan agreements may be included in the firm's capital if the agreement meets the requirements in CFTC Regulation (h) and has been filed with and approved by the firm's DSRO. The firm must submit a signed copy of the agreement to its DSRO at least 10 days prior to the proposed effective date. A subordination agreement must include the name and address of the lender, state the business relationship of the lender to the firm, and indicate whether the firm carried funds or securities for the lender at or about the time firm files the proposed agreement. If a lender contributes 10 percent or more of the firm's capital, then the firm must list the lender as a principal.

In addition, the Member's DSRO must approve prepayments or special prepayments, and the Member must give its DSRO notice of accelerated maturity. The Member must also submit amendments to existing subordination agreements to its DSRO for approval. Finally, NFA has developed standardized Cash Subordination Loan Agreements and Secured Demand Notes. You can obtain copies of these agreements from NFA's website.

Assets Covering Liabilities to Retail Forex Customers

An FDM must calculate the amount owed to forex customers and hold assets, solely of the type permitted under CFTC Regulation , equal to or in excess of the amount at certain qualified institutions.

For assets held in the United States, a qualifying institution is:

1. a bank or trust company regulated by a U.S. banking regulator;
2. a broker-dealer registered with the U.S. Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority; or
3. an FCM registered with the CFTC and a Member of NFA.

For assets held in a money center country as defined in CFTC Regulation , a qualifying institution is:

1. a bank or trust company regulated in the money center country which has in excess of $1 billion in regulatory; and
2. an FCM registered with the CFTC and a Member of NFA.

To calculate the amount owed, add up the net liquidating values of each forex account that liquidates to a positive number, using the fair market value for each asset other than open positions and the current market value for open positions.

Assets held in a money center country are not eligible to cover the amount owed to customers unless the FDM and the qualifying institution have entered into an agreement, acceptable to NFA, authorizing the institution to provide NFA and the CFTC with information regarding the FDM's accounts and to provide that information directly to NFA or the CFTC upon their request. This signed agreement must be filed with NFA.

Each FDM must instruct each qualifying institution to report the balances in the FDM's account(s) to NFA or a third party designated by NFA in the form and manner prescribed by NFA on a daily basis. The qualifying institution must comply with this request in order to be deemed an acceptable qualifying institution to hold assets covering an FDM's liabilities to retail forex customers.

Any FDM funds that are not held in a qualifying institution as noted may not be considered as part of assets covering liabilities to forex customers.

Assets at Affiliates and Unregulated Entities

An FDM may not include assets held by an affiliate or an unregulated person in its current assets for purposes of determining its ANC under CFTC Regulation An affiliate is any person that controls, is controlled by, or is under common control with the FDM.

Financial Books and Records

FDMs are required to prepare and maintain ledgers or other similar records that summarize each transaction affecting the Member's assets, liability, income, expense and capital accounts and include appropriate references to supporting documents. These ledgers must be classified into the account classification subdivisions on the CFTC Form 1-FR. Generally, the firm's records would include basic accounting documents such as a General Ledger and a Cash Receipts and Disbursements Journal.

In order to demonstrate compliance with the capital requirements, an FDM should make and maintain daily records showing the transactions executed that day and their effect on the firm's obligations to its customers. The record of daily trades should show, at a minimum, the date, time, currency pair, price, and size of each transaction; commissions and fees; and the person for whom the transaction was made. For options, the record should include whether the option is a put or a call, the strike price, the delta, and the premium. The record of obligations to customers should include the gross profits and the gross losses to customers, the firm's open currency exposures to customers, the sum of the customers' cash balances, and the net liquidating value of all customer accounts combined.

The individuals responsible for preparing an FDM's books and records must be under the ultimate supervision of a listed principal and registered AP of the Member. Such principal is also responsible for researching and selecting the independent public accountant that certifies the firm's annual financial statements.

Financial Internal Controls

Prior to conducting business as an FDM, a firm must demonstrate to NFA that the Member has adequate internal financial controls. The FDM must demonstrate that its system of internal controls provides reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP. The FDM must also demonstrate that its system of internal financial controls has no material weaknesses and that it is adequate for establishing and maintaining internal controls over financial reporting by the Member.

An FDM may satisfy this obligation by obtaining an internal control report that is prepared and certified by an independent public accountant who is registered under Section of the Sarbanes-Oxley Act (SOX). The internal control report shall contain, at a minimum, a detailed explanation of the examination performed by the accountant and a representation by the accountant that it has examined and tested the FDM's system of internal controls and that the controls comply with the above standards.

If NFA believes that a Member's internal controls are inadequate at any time, NFA's Compliance department may require it to provide to NFA an internal control report that is prepared and certified by an independent public accountant who is registered under Section of the SOX. The internal control report shall meet the above standards.

Forex Reporting Requirements

Each FDM must be able to properly account for all funds received from and owed to customers. FDMs should prepare a daily computation showing the total amount of customer funds on deposit, the total amount of customer open positions, and the total amount due to customers.

The firm must file with NFA three report types: daily electronic reports showing liabilities to customers and other financial and operational information; monthly operational and risk management reports; and quarterly reports that contain the most-recent performance disclosures required under CFTC Regulation (e)(1)(i)(iii).

The daily reports must be prepared each business day, and must be filed by noon on the following business day. The monthly reports must be filed within 17 business days after the end of each month for which the report is prepared. Similarly, the quarterly reports must be filed within 17 business days after the end of each quarter for which the report is prepared.

Submitting these reports certifies that the person filing it is a supervisory employee that is, or is under the ultimate supervision of, a listed principal who is also an NFA Associate, is duly authorized to bind the FDM, and that all information in the report is true, correct, and complete. Any report that is filed after it is due will incur a late fee of $1, for each business day that it is late.

What is a Margin Call?

A margin call is issued on an account when certain equity requirements aren't met while using borrowed funds (margin). When a margin call is issued, you will receive a notification via the Secure Message Center in the affected account. There are several types of margin calls and each one requires a specific action.

How is it reflected in my account?

When your account is in a margin call you will be notified via the *Secure Message Center. There will also be a yellow banner at the top of your TD Ameritrade homepage notifying you of the call and the deficiency amount.

Finally, your account’s Funds Available for Trading (Option BP on Thinkorswim) will be reflected as a negative number.

Website

thinkorswim

Types of Margin Calls

How do I meet my margin call?

• Deposit the original call amount
• Liquidate securities so that your account would be positive based on the closing prices of the normal market session
• Deposit fully paid-for marginable securities*
• Or any combination of the aforementioned ways 

I have multiple margin calls in my account, can I just liquidate enough to meet the first margin call?

No, TD Ameritrade will only consider this margin call met if you deposit the full amount of the original call. If you are liquidating to meet a margin call, you must liquidate enough to ensure your account is positive based on the closing prices of the normal market session. 

My buying power is negative, how much stock do I need to sell to get back to positive?

Generally, you can take your Funds Available for Trading and divide by the margin requirement of the security you plan to liquidate to determine the total notional value which must be liquidated to get back to positive. Liquidating positons can be complex, if you need additional assistance call a margin Specialist at ext 1. 

Example 1:

The following account is deficient by $2, and is looking to get back to positive by selling a stock in the account which has a 40% margin requirement.

/40%= $

In this case, the client would need to liquidate $ worth of a stock with a 40% margin requirement in order to meet their $ deficiency.

Example 2:

The following account is in a Regulation-T call in the amount of $2, and is looking to get back to positive by selling a stock in the account.

/50% = $

In this case, the client would need to liquidate $ worth of stock in order to meet the $ Reg-T call.

*The deposit of marginable securities does not give dollar-for-dollar relief. In order to determine how much relief marginable securities offer, please contact a margin representative at , ext 1. (added punctuation) 

Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Margin is not available in all account types. Margin trading privileges subject to TD Ameritrade review and approval. Carefully review the Margin Handbook and Margin Disclosure Document for more details. Please see our website or contact TD Ameritrade at for copies.

The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products and related services available through the moomoo app are offered by including but not limited to the following brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC), Moomoo Financial Canada Inc. regulated by the Canadian Investment Regulatory Organization (CIRO) and Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC).

For further information about Moomoo Financial Inc., please visit Financial Industry Regulatory Authority (FINRA)’s BrokerCheck. Brokerage accounts with Moomoo Financial Inc. are protected by the Securities Investor Protection Corporation (SIPC). Moomoo Financial Inc. is a member of Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $, (including $, for claims for cash). It is important to understand that SIPC protects customer accounts against losses caused by the financial failure of the broker-dealer, but not against an increase or decrease in the market value of securities in customers' accounts. SIPC does not protect against market risk, which is the risk inherent in a fluctuating market. For further information about SIPC coverage for accounts with Moomoo Financial Inc., see eunic-brussels.eu or request an explanatory brochure from Moomoo Financial Inc.

Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.

Investments in stocks, options, ETFs and other instruments are subject to risks, including possible loss of the amount invested. The value of investments may fluctuate and as a result, clients may lose the value of their investment. Past performance should not be viewed as an indicator of future results.

Margin trading involves interest charges and heightened risks, including the potential to lose more than invested funds or the need to deposit additional collateral. Before trading on margin, customers are advised to determine whether this type of trading is appropriate for them in light of their respective investment objective, experience, risk tolerance and financial situation.

Free trading refers to $0 commissions for Moomoo Financial Inc. self-directed individual cash or margin brokerage accounts of U.S. residents that trade U.S. listed securities via mobile devices or Web. Relevant SEC & FINRA fees may apply. For details, please see Commission and Fees.

All types of investments are risky and investors may suffer losses. Past performance of investment products does not guarantee future results. Electronic trading also poses risks to investors. The responsiveness of the trading system may vary due to market conditions, system performance, and other factors. Account access and trade execution may be affected by factors such as market volatility.

No content on the website shall be considered as a recommendation or solicitation for the purchase or sale of securities, futures, or other financial products. All information and data on the website are for reference only and no historical data shall be considered as the basis for predicting future trends.

Information contained on this website is general in nature and has been prepared without any consideration of customers’ investment objectives, financial situations or needs. Customers should consider the appropriateness of the information having regard to their personal circumstances before making any investment decisions.

Investment products are not insured by the Federal Deposit Insurance Corporation (FDIC) or guaranteed by a bank, and may decline in value.

The services and products offered on the website are subject to applicable laws and regulations, as well as relevant service terms and policies. The services and products are not available to all customers or in all geographic areas or in any jurisdiction where it is unlawful for us to offer such services and products.

§ Margin requirements.

(a)Margin required. A national bank engaging, or offering to engage, in retail forex transactions must collect from each retail forex customer an amount of margin not less than:

(1) Two percent of the notional value of the retail forex transaction for major currency pairs and 5 percent of the notional value of the retail forex transaction for all other currency pairs;

(2) For short options, 2 percent for major currency pairs and 5 percent for all other currency pairs of the notional value of the retail forex transaction, plus the premium received by the retail forex customer; or

(3) For long options, the full premium charged and received by the national bank.

(b)

(1)Form of margin. Margin collected under paragraph (a) of this section or pledged by a retail forex customer for retail forex transactions must be in the form of cash or the following financial instruments:

(i) Obligations of the United States and obligations fully guaranteed as to principal and interest by the United States;

(ii) General obligations of any State or of any political subdivision thereof;

(iii) General obligations issued or guaranteed by any enterprise, as defined in 12 U.S.C. (10);

(iv) Certificates of deposit issued by an insured depository institution, as defined in section 3(c)(2) of the Federal Deposit Insurance Act (12 U.S.C. (c)(2));

(v) Commercial paper;

(vi) Corporate notes or bonds;

(vii) General obligations of a sovereign nation;

(viii) Interests in money market mutual funds; and

(ix) Such other financial instruments as the OCC deems appropriate.

(2)Haircuts. A national bank must establish written policies and procedures that include:

(i) Haircuts for noncash margin collected under this section; and

(ii) Annual evaluation, and, if appropriate, modification, of the haircuts.

(c)Separate margin account. Margin collected by the national bank from a retail forex customer for retail forex transactions or pledged by a retail forex customer for retail forex transactions must be placed into a separate account.

(d)Margin calls; liquidation of position.

(1) For each retail forex customer, at least once per day, a national bank must:

(i) Mark the value of the retail forex customer's open retail forex positions to market;

(ii) Mark the value of the margin collected under this section from the retail forex customer to market; and

(iii) Determine whether, based on the marks in paragraphs (d)(1)(i) and (ii) of this section, the national bank has collected margin from the retail forex customer sufficient to satisfy the requirements of this section.

(2) If, pursuant to paragraph (d)(1)(iii) of this section, the national bank determines that it has not collected margin from the retail forex customer sufficient to satisfy the requirements of this section then, within a reasonable period of time, the national bank must either:

(i) Collect margin from the retail forex customer sufficient to satisfy the requirements of this section; or

(ii) Liquidate the retail forex customer's retail forex transactions.

(e)Set-off prohibited. A national bank may not:

(1) Apply a retail forex customer's retail forex obligations against any funds or other asset of the retail forex customer other than margin in the separate margin account described in paragraph (c) of this section;

(2) Apply a retail forex customer's retail forex obligations to increase the amount owed by the retail forex customer to the national bank under any loan; or

(3) Collect the margin required under this section by use of any right of set-off.

Our FX Margin Trading services are designed for investors who are experienced in foreign exchange investment. They offer a wide variety of currency options to help investors take advantage of foreign exchange market movements with increased investment power.

Service Highlights

• Customers can choose to buy or sell in 9 major currencies:

  • 

    HKD

  • 

    AUD

  • 

    CAD

  • 

    CHF

  • 

    EUR

  • 

    GBP

  • 

    JPY

  • 

    NZD

  • 

    RMB

• Up to 15 times leverage of total cash margin
• Contract size: US$, or equivalent
• Minimum contract amount: US$50,
• Spot price: FX currency price traded in the spot market
• Futures contract options:1, 2, 3, 6 & 12 months
• Convenient trading via telephone

Illustrative Example

Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.

Forex trading involves leverage, carries a high level of risk and is not suitable for all investors. Please read the NFA booklet Trading Forex: What Investors Need to Know prior to trading forex products.

Forex accounts are not protected by the Securities Investor Protection Corporation (SIPC).

Forex trading services provided by Charles Schwab Futures and Forex LLC. Trading privileges subject to review and approval. Not all clients will qualify. Forex accounts are not available to residents of Ohio or Arizona. Prior to a name change in September , Charles Schwab Futures and Forex LLC was known as TD Ameritrade Futures & Forex LLC.

Charles Schwab Futures and Forex LLC, a CFTC-registered Futures Commission Merchant and NFA Forex Dealer Member. Charles Schwab Futures and Forex LLC is a subsidiary of The Charles Schwab Corporation.

A forex dealer may be compensated via commission and/or mark-up on forex trades. Charles Schwab Futures and Forex LLC does not charge commission on forex transactions nor does it offer commission-based forex pairs. However, the cost of the trade is reflected in the bid/ask spread. Additional information may be found in its NFA and CFTC Disclosure Document.

The forex market is open from p.m. to p.m. daily, Sunday through Friday. Beginning at p.m., forex pairs may be opened at various intervals to ensure market liquidity. As part of routine daily maintenance, generally conducted between a.m. – a.m. and lasting approximately 2 minutes, the trading platform may not be available. Times referenced are Central Standard Time or Central Daylight Time, whichever is in effect. Charles Schwab Futures and Forex LLC utilizes JP Morgan Chase Bank N.A. as its forex prime broker. Liquidity providers are JP Morgan, Citadel Securities, XTX Markets, and Virtu Financial.

TD Ameritrade was evaluated against 14 other online brokers in the eunic-brussels.eu Online Broker Review. The firm was rated #1 in the categories "Platforms & Tools" (11 years in a row), "Desktop Trading Platform: thinkorswim®" (10 years in a row), "Active Trading" (2 years in a row), "Options Trading," "Customer Service," and "Phone Support." TD Ameritrade was also rated Best in Class (within the top 5) for "Overall Broker" (12 years in a row), "Education" (11 years in a row), "Commissions & Fees" (2 years in a row), "Offering of Investments" (8 years in a row), "Beginners" (10 years in a row), "Mobile Trading Apps" (10 years in a row), "Ease of Use" (6 years in a row), "IRA Accounts" (3 years in a row), "Futures Trading" (3 years in a row), and "Research" (11 years in a row). Read the full article.

Forex trading exposes you to risk including, but not limited to, market volatility, volume, congestion, and system or component failures, which may delay account access and/or Forex trade executions. Prices can change quickly and there is no guarantee that the execution price of your order will be at or near the quote displayed at order entry (“slippage”). Account access delays and slippage can occur at any time but are most prevalent during periods of higher volatility, at market open or close, or due to the size and type of order.

This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.

TD Ameritrade, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © Charles Schwab & Co., Inc. All rights reserved.

Margin trading in the forex market is the process of making a good faith deposit with a broker in order to open and maintain positions in one or more currencies. Margin is not a cost or a fee, but it is a portion of the customer's account balance that is set aside in order trade. The amount of margin required can vary depending on the brokerage firm and there are a number of consequences associated with the practice.

Understanding Margin Accounts

A margin account, at its core, involves borrowing to increase the size of a position and is usually an attempt to improve returns from investing or trading. For example, investors often use margin accounts when buying stocks. The margin allows them to leverage borrowed money to control a larger position in shares than they'd otherwise be able to control with their own capital alone. Margin accounts are also used by currency traders in the forex market.

Margin accounts are offered by brokerage firms to investors and updated as the values of the currencies fluctuate. To get started, traders in the forex markets must first open an account with either a forex broker or an online forex broker. Once an investor opens and funds the account, a margin account is established and trading can begin.

Forex Margin Example

An investor must first deposit money into the margin account before a trade can be placed. The amount that needs to be deposited depends on the margin percentage required by the broker. For instance, accounts that trade in , currency units or more, usually have a margin percentage of either 1% or 2%.

So, for an investor who wants to trade $,, a 1% margin would mean that $1, needs to be deposited into the account. The remaining 99% is provided by the broker. The amount of margin depends on the policies of the firm. In addition, some brokers require higher margin to hold positions over the weekends due to added liquidity risk. So if the regular margin is 1% during the week, the number might increase to 2% on the weekends.

In a margin account, the broker uses the $1, as a security deposit of sorts. If the investor's position worsens and their losses approach $1,, the broker may initiate a margin call. When this occurs, the broker will usually instruct the investor to either deposit more money into the account or to close out the position to limit the risk to both parties. In situations where accounts have lost substantial sums in volatile markets, the brokerage may liquidate the account and then later inform the customer that their account was subject to a margin call.