common-close-0
BYDFi
Trade wherever you are!

What are the margin call requirements for trading cryptocurrencies on Scottrade?

avatarFriis MichaelsenDec 17, 2021 · 3 years ago3 answers

Can you provide more details on the margin call requirements for trading cryptocurrencies on Scottrade? I would like to know what factors trigger a margin call and how it affects my trading account.

What are the margin call requirements for trading cryptocurrencies on Scottrade?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Margin call requirements for trading cryptocurrencies on Scottrade are determined by the exchange and may vary depending on the specific cryptocurrency being traded. Generally, a margin call occurs when the value of your account falls below a certain threshold, known as the maintenance margin. This threshold is set by the exchange and is typically a percentage of the total value of your positions. When a margin call is triggered, you will be required to either deposit additional funds into your account or close out some of your positions to bring your account back above the maintenance margin. Failure to meet a margin call can result in the liquidation of your positions by the exchange.
  • avatarDec 17, 2021 · 3 years ago
    When trading cryptocurrencies on Scottrade, margin call requirements are an important aspect to consider. A margin call is triggered when the value of your account falls below a certain level, usually set by the exchange. This can happen if the price of the cryptocurrency you are trading decreases significantly or if you have borrowed funds to leverage your trades. When a margin call occurs, you will be required to either deposit more funds into your account or close out some of your positions. It's important to understand the margin call requirements and have a plan in place to manage your risk and avoid potential liquidation of your positions.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has specific margin call requirements for trading cryptocurrencies. When trading on BYDFi, a margin call is triggered when the value of your account falls below a certain threshold, known as the maintenance margin. This threshold is set by BYDFi and is typically a percentage of the total value of your positions. When a margin call is triggered, you will be required to either deposit additional funds into your account or close out some of your positions to bring your account back above the maintenance margin. It's important to closely monitor your account and be aware of the margin call requirements to avoid potential liquidation of your positions on BYDFi.