IC Markets margin call level? | Forex Factory

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IC Markets margin call level?

  • #1
  • First Post: Sep 25, 2016 4:55pm Sep 25, 2016 4:55pm
Hello

I have a question about IC Market

suppose I am using 1:500 leverage and it requires $300 to open one lot (100k) EUR/USD.

Will I get margin call when my position goes to $150 which is 15 pips loss?
  • #2
  • Sep 25, 2016 10:08pm Sep 25, 2016 10:08pm
Would u not require 200$ to open 1 standard lot ?
Live life king size !
  • #3
  • Sep 26, 2016 3:17am Sep 26, 2016 3:17am
Quoting bmw335isedan
Hello I have a question about IC Market suppose I am using 1:500 leverage and it requires $300 to open one lot (100k) EUR/USD. Will I get margin call when my position goes to $150 which is 15 pips loss?
No, 1 lot requires 100000:500*1,123 (which is current eurusd price)= 224,6. IC Markets set margin call at 120% and stop out level at 80%, so if you have $300 account and open 1 lot on eursud your position will be automatically closed when equity reaches $179,68, which is 12 pip loss.
  • #4
  • Sep 27, 2016 8:25am Sep 27, 2016 8:25am
Quoting insomniawawa
{quote} No, 1 lot requires 100000:500*1,123 (which is current eurusd price)= 224,6. IC Markets set margin call at 120% and stop out level at 80%, so if you have $300 account and open 1 lot on eursud your position will be automatically closed when equity reaches $179,68, which is 12 pip loss.
Thanks this was exactly what I was looking for. So $224.60 * 80% = $179.68. What is the purpose of 120%?
  • #5
  • Last Post: Sep 28, 2016 1:19am Sep 28, 2016 1:19am
Quoting bmw335isedan
{quote} Thanks this was exactly what I was looking for. So $224.60 * 80% = $179.68. What is the purpose of 120%?
Margin call really doesn't matter, maybe if you have VIP account and you will ask for call everytime margin call level reaches they will call you
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