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I am also confused.The live help on their website told me that currency pairs falling under 1% will still enjoy 1:400.Also they increase the stop out level to 50% which is dangerous for viper followers on 3x risk.What if axi close your positions and viper recover after touching the 50% DD mark.
They are making big mistake by doing this.Nick need to talk to them as he has opened a new MAMM account with them.
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Originally posted by oandagut View PostI am also confused.The live help on their website told me that currency pairs falling under 1% will still enjoy 1:400.Also they increase the stop out level to 50% which is dangerous for viper followers on 3x risk.What if axi close your positions and viper recover after touching the 50% DD mark.
They are making big mistake by doing this.Nick need to talk to them as he has opened a new MAMM account with them.
1:400 means nothing, they guy on live support doesn't know what he is talking about.
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I just phoned AxiTrader London they have said that ALL the majors will remain at 1:400.
But at 50% DD they will start to close positions which could be an issue.
It is just some exotic FX pairs that are affected as listed below.
Margin Requirement Currency Pairs
3% EURCZK, USDCZK, USDTHB
2%
AUDSGD, CADSGD
CHFSEK, CHFSGD
EURHKD, EURHUF, EURNOK, EURPLN, EURRON
EURSEK, EURSGD, EURTRY
GBPNOK, GBPSEK, GBPSGD, GBPTRY
MXNJPY
NOKJPY, NOKSEK
SGDJPY
TRYJPY
USDCNH, USDHKD, USDHUF, USDILS, USDMXN, USDNOK, USDPLN, USDRON
USDSEK, USDSGD, USDTRY
1% All OthersLast edited by fabx; 06-02-2015, 02:10 PM.
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Originally posted by fabx View PostI just phoned AxiTrader London they have said that ALL the majors will remain at 1:400.
But at 50% DD they will start to close positions which could be an issue.
It is just some exotic FX pairs that are affected as listed below.
Margin RequirementCurrency Pairs
3%EURCZK, USDCZK, USDTHB
2%
AUDSGD, CADSGD
CHFSEK, CHFSGD
EURHKD, EURHUF, EURNOK, EURPLN, EURRON
EURSEK, EURSGD, EURTRY
GBPNOK, GBPSEK, GBPSGD, GBPTRY
MXNJPY
NOKJPY, NOKSEK
SGDJPY
TRYJPY
USDCNH, USDHKD, USDHUF, USDILS, USDMXN, USDNOK, USDPLN, USDRON
USDSEK, USDSGD, USDTRY
1%All Others
Sent from Uranus
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This is my reply from this mornings conversation.
I don’t believe you trade any of these products but you’re right as its not very clear, its based on an account that’s one 100:1 in the PDS
So its the margin requirement based one the leverage of the account. If your account is on 400:1 which is 4 times what it’s based on, you simply divide each of the percentage margin requirements by 4.
So the 1% will be 0.25% the 2% will be 0.5% and the 3% will be 0.75% face value of the contract you are trading, so you will be ok.
Cheers
Tyson
The crux of it is that it is a very poorly worded email, and to add to that the staff obviously weren't told by upper management so live support had no idea what all the phone calls were about last night, so it's hardly the live support staff's fault for the extra confusion. So unless your trading those exotics is of basically no concern.
Hope everyone is clear on that now.
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Originally posted by oandagut View PostWhat about the 50% ? lets say if client has a $1000 balance .Will they start closing positions if the client is in $500 DD?
Margin level is calculated in real time on your MT4 by this formula:
Acc. Equity divided by Margin shown for open trades, shown as %Last edited by littlemax; 06-03-2015, 07:33 AM.
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