Support Board
Date/Time: Wed, 27 Nov 2024 00:23:37 +0000
incorrect margin requirement
View Count: 295
| [2023-10-12 12:31:56] |
| User495945 - Posts: 7 |
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Margin for 1 contract on the CME for NQ is about 1500.00. Error message says 18000.00 needed. Current account value about 3400.00. MSFT did an update to Win 11 last night. No positions were held overnight, SC shows me flat today. This morning this happens. What went wrong?
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| [2023-10-12 14:43:28] |
| Rui S - Posts: 190 |
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User495945, That was because of the CPI release at 8:30 EST. Since a while ago, due to the risk of extreme volatility during that period, the brokers are increasing the margins to 100% of the Exchange margin. You should have received an email from your broker alerting you for this situation. The margin came back to the "normal" percentage at 9:00am. Date Time Of Last Edit: 2023-10-12 14:44:23
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| [2023-10-13 22:39:27] |
| User61168 - Posts: 403 |
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Yep but not all brokers send email notifications when margins are increased. AMP is really good in sending advanced notifications via emails but Ironbeam does not notify (which sucks!). Be careful out there when it comes to margin calls with small accounts :-)
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