What is Margin Close-Out?
Margin Close-Out (MCO) is a protective financial measure activated when your account’s total margin dips below 50% of the initial margin required for all open positions. If there is more than one position open, the open position with the smallest volume will be closed automatically and this process can continue until all open positions are closed.
Positions with a Stop Loss Order or limited risk protection are also subject to MCO. However, MCO does not hinder the addition of funds to your margin.
Note that MCO is operational only during market hours and will not activate outside these times.
Should your margin be insufficient and you are unable to close hedged positions, assistance is available by contacting the Brokerage Department at (+356) 27621611 or via email at brokerage@mytradit.com.