Hey this is on a cfd account
How much would I require in account balance to deal with the pointless margin change ? Thankyou
If you are trading using CFDs you have this in your account. When the bar hits the āposition will be closedā mark then all your positions will be close even if some are green and some are red.
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So basically this leverage change will turn my 4x profit (and growing Ā£200 daily) into a dead account ?
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If your 200 shares at a buy of Ā£20 each the full cost would be Ā£4000 but your margin cost is only Ā£800 due to 5:1 leverage.
They will now represent a cost of Ā£2000.
So when the margin changes youāre account will not be solvent but it shouldnāt force your positions to be closed. If you wanted to get back to having free funds youāll need an extra Ā£300 or so.
My advice would to close now and put the money into invested shares not CFD.
Yeah, and thatās IF youāre in the green.
Is the time set by the U.K time zone??
3:30GMT, so, 3:30pm tomorrow, UK time.
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If your account health was at 50% with blocked funds equal to the account value, and you had Ā£1000 of blocked funds, you would need to add an extra Ā£1500 to maintain the account at 50%
This is awful, a dayās noticeā¦Should be giving at least a month Iād say.
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The stock I bought into was Ā£9 a share and is now Ā£29 a share so I will not be reinvesting into it. Very very annoyed and seems this is a tactic to clear all of us small time traders off the app - offered a 1:300 leverage 30 days ago for it to go down to a 1:2 leverage with one day warning is totally unprofessional and misleading
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Based on this posters specific situation. Seems like a nice profit so far.
If your instruments are in a dip, or the profit you had last week is wiped out by the crazy spread. Youāre screwed.
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Yup. A weekās notice would have been nice.
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Am i screwed
Can this bee we challenged
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You will need Ā£34000 to get back to the green after 15:30 tomorrow.
Or you will need at a bare minimum Ā£9344 to keep the account health at 25% or above to avoid instant closure of some positions.
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Ahah wow, thatās not gonna happen! I put a months rent into this
@Zahoorss
I am not a financial advisor so donāt take my word for it but hope this helps: If you have more that 1 trade open have a look and see if you can close some of them (the ones that give you the least amount of loss to you account). This way you can free ups some funds for tomorrow and see if the remaining trades are profitable during the day and close them then.
You are already below the margin call so you definitely need to do something 
Samuel leach warned me that 212 would eventually screw everyone over but I didnāt want to believe it.
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