Margin can be thought of as a good faith deposit to maintain open positions. This is not taxman fee or a transaction cost, it is simply a portion of your account equity set aside and allocated as a margin deposit. At Friedberg Direct, margin requirements are derived from rates published by IIROC. It allows you to open trades that are larger than the capital in your account. Trading on margin can both positively and negatively affect your trading experience as both profits and losses can be dramatically amplified. In Canada, the Investment Industry Regulatory Organization of Canada IIROC is the national self-regulatory organization that set the margin requirements needed, which may be changed at any time without notice. The calculation of the margin requirements is dependent on the currency pair of choice, as well as the currency that the account is denominated in. For more information see http: In the Simple Dealing Rates window of this Canadian denominated account, it is noted that the EURUSD MMR is Current Maintenance Margin levels can be found in the Simple Dealing Rates window of Trading Station II. In the example below you have an account equity of CAD 5, You place a long 10K EURUSD position, requiring CAD in margin. Your liquidation margin is set at CAD You open your 10K EURUSD position. You have CAD in Usable Maintenance Margin, enough to place another 10K EURUSD position requiring CAD if you wanted. You only have CAD in Usable Maintenance Margin, which isn't enough to enter another 10K EURUSD position requiring CAD if you wanted. When a Margin Warning triggers you will see a "W" in the MC column on the Trading Station. At this point you have approximately five days after If at any time during this period, your account equity taxman to fall to the Liquidation Margin Level of USD Please note that weekends and bank holidays will count against the five days you are given to bring the account equity above the Maintenance Margin requirement. Accounts will be triggered to liquidate at Please note that weekends and bank holidays will count against the five days you are given to bring the account equity above the Maintenance Margin Requirement. If the fifth day falls on a Saturday, open positions will be liquidated at market open on Taxman at approximately Friedberg Direct processes most credit card deposits instantaneously, though credit card deposits can take up to 24 hours. There will be a daily maintenance margin check at You may contact Friedberg Direct if you wish to have your margin reset earlier. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors. The trading desk closes on Fridays at 4: Please note that orders placed forex may be filled until 5: ET and that traders placing trades between 4: High Risk Investment Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your deposit and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Please read our full risk warning. Please note the information on this website is primarily intended for retail customers. Friedberg Direct is a division of Friedberg Mercantile Group Ltd. Friedberg Mercantile Group Ltd. Accounts are opened with and are held by Friedberg Direct which clears trades through a subsidiary within the FXCM group of companies collectively, taxman "FXCM Group". Customers of Friedberg Direct may, in part, be serviced through subsidiaries within the FXCM Group. The FXCM Group does not own or control any part of Friedberg Direct and is headquartered at 55 Water St. No Dealing Desk Forex Trading Execution. Deposit Funds Contact Friedberg Manage My Account. Why Trade at Friedberg? Free Practice Account Contact Us Forex Charts. Watch our platform tour. Why trade on margin? How is margin calculated? What are the Initial and Maintenance Margin Requirements? Where can I view Friedberg Direct's up-to-date margin requirements? What is the difference between Initial, Maintenance, and Liquidation Margin? How is margin represented in the Accounts Window? What are my options after I receive a Margin Warning? When will my positions be liquidated? How do I automatically reset my margin? What if the market moves back in my favor? See Current USD Margin Requirements per 10K Lot See Current CAD Margin Requirements per 10K Lot See Current CFD Margin Requirements Where can I view Friedberg Direct's up-to-date margin requirements? This is the amount required to open a new position. This is the minimum amount required to maintain your open positions. You will have approximately five days from You can elect to add additional funds to your account or close existing positions to bring your account equity above the required Maintenance Margin level. Note that it is also possible that beneficial market movements during this period may also bring your account equity above the required Maintenance Margin level. If you fail to do so, your positions will be triggered to liquidate at the end of the fifth day. Should your equity continue to fall to the Liquidation Margin Level, your positions will be automatically liquidated. See below for details on when positions will be triggered to liquidate on the fifth day of a Margin Warning. If your account falls to the Liquidation Margin level, all of your open positions will be triggered to immediately be liquidated, even though you may still be in the five day grace period offered by the Maintenance Margin Warning. All positions are automatically liquidated when this reaches zero. As above, all positions are automatically forex when this reaches zero. This is the margin deposit required to forex existing positions. This is the margin deposit available for opening new positions. A Maintenance Margin Warning is triggered when this reaches zero. As above, a Maintenance Margin Warning is triggered when this reaches zero. Let's look at an example: You open 10K EURUSD Position. Your equity falls to CAD There are five possible scenarios that may occur after you receive a Margin Warning: You deposit more funds. If forex five days you deposit enough funds to bring your equity back above the Used Maintenance Margin requirement, your Margin Warning will be automatically reset in real time the MC column will appear as forex. You close out positions. If within five days you are able to close out positions which brings your equity back above your Used Maintenance Margin requirement, your Margin Warning will be automatically reset in real time the MC column will appear as "N". The market turns in your favor. The market may turn in your favor bringing your equity back above your Used Maintenance Margin requirement. If at taxman time of the daily maintenance margin check at If after five trading days your margin remains below your Used Maintenance Margin requirement, your positions will be liquidated at approximately Your account equity falls to the Liquidation Margin Level If at any time your Usable Margin [Usbl Mr] falls to zero, your positions will be triggered to immediately liquidate. The MC column will appear as "Y". Forex Information New To Forex New to Forex Trading Guide Forex Video Library Forex Market vs. Friedberg Account Actions Open a Demo Account Get a Free Forex Trading Demo Download Trading Platform Watch Platform Tour Open a Live Account Canadian Resident Online Application Deposit Funds New Clients Existing Clients. Our Platforms Trading Station II Download Platform Request Free Demo Watch Platform Tour. Home Contact Us Privacy Policy Risk Warning Terms and Conditions Execution Risks Currency Trading Demo Platform Tour Site Map Rate Card.
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His review of Yokai Monsters: Spook Warfare incorrectly identifies it as the first film in the series when it is actually the second, totally misses the fact that the monsters in the film are characters from Japanese mythology rather than original creations, and features a lot of misconceptions and false assumptions about Japanese culture and how it relates to western culture.