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

3 answers

• Hugo VonkJun 29, 2020 · 5 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.
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• McKnight BanksJul 08, 2023 · 2 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.
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• Teja FrostApr 20, 2021 · 4 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.
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