Margin Requirement

Clients must have approximately 1% of the value of the positions they hold in their account for each lot of currency being traded (approximately 100:1 leverage). This amount does not change after 5:00 PM New York time, which is the rollover cut off, but stays constant at approximately 1% per lot the entire day and overnight. There is also an important safety feature imbedded in this system that prevents clients from losing more money than they have in the account. Once the account equity -- meaning the total floating value of the account -- falls below the margin requirement of approximately 1% per lot, the dealing desk will close all positions