FXCM's Smart Margin Watcher is designed to notify you in advance of margin calls, which can give you more time to take action to potentially avoid them. Watch to find out more or check out our Smart Margin Watcher FAQs.
FXCM has introduced a feature called Smart Margin. The feature is designed to notify you in advance of margin calls, which can give you more time to take action to potentially avoid them.
Here's how it works. If your usable maintenance margin is exhausted, your account locks. Meaning you can't open trades until you have usable maintenance margin again. You can only close trades. You will be notified when this happens via the FXCM Trading Station.
To replenish your usable maintenance margin and unlock your account, you have a few options. You can close one or more trades in your account giving you the opportunity to improve your margin level over time from the returns on your profitable trades. You can deposit funds into your account, and if time is of the essence, debit card deposits are probably your best option since those deposits are credited the quickest. Finally, you can opt to do nothing. You might think that the market is going to turn around and that your losing trades are going to recover their losses. But do not forget if your trades do not improve and your equity falls below the liquidation margin requirement, or if your equity simply remains below the maintenance margin requirement for three days or more, a margin call will occur.
No matter what you do, Smart Margin gives you more options, and usually more time to manage your losing trades.