Hi. I'm in the UK and we now have restrictions on account leverage: 50:1 for majors and 20:1 non-majors.
I'm looking at FXCM for brokering and they have a 50% initial margin call (negative account balance protection is another requirement of ESMA Regulations):
FXCM: "As of July 29th 2018 the liquidation level will be set at 50% of the entry/maintenance margin requirement. This means that if your account equity falls below 50% of the initial margin required, the account will receive a Margin Call and trades will be closed in order of the size of their loss, from the largest floating loss to the smallest floating loss, as recorded in the "Profit" column at the time of margin call."
Given the above leverage restrictions and margin call requirement, what account size funding would you recommend?
Many thanks
I'm looking at FXCM for brokering and they have a 50% initial margin call (negative account balance protection is another requirement of ESMA Regulations):
FXCM: "As of July 29th 2018 the liquidation level will be set at 50% of the entry/maintenance margin requirement. This means that if your account equity falls below 50% of the initial margin required, the account will receive a Margin Call and trades will be closed in order of the size of their loss, from the largest floating loss to the smallest floating loss, as recorded in the "Profit" column at the time of margin call."
Given the above leverage restrictions and margin call requirement, what account size funding would you recommend?
Many thanks