please someone explain this to me:
i whant to open an acount of 200$ with leverage of 1:200
i read the contract of the “north finance company ltd”,and that is what it sed:
“At Margin level less than 10 percent the Company has right to begin closing positions starting from most unprofitable, while Margin level = 5 % or less all positions are getting closed forcedly in the automatic mode at current price”
thanks to anyone who ansswer
The best place to get the answers you want is to call them and ask for yourself. While you are on the phone with them you are sure to have more question pop up and it will give you a feel about the company.
yea… i agree with bazooka answer. you better call them to make you more sure…
ok i did what u sed and asked the company by emai.
and if it helps someone,here is the answere:
it meens that if i lose 90%of my acount balance(margin) or more,the company has right to begin closing positions starting from most unprofitable,if i’m in lose of 95% or more positions are getting closed forcedly in the automatic mode at current price
hope i helped someone.
hello,
Guys read the schools section on this site all that stuff is there and its written so you can understand it:D