I have a question for anyone who has the knowledge to help me. I had a demo account with MIG with a balance of $5000 and 100:1 leverage. I have 4 trades open of 0.5 lots each and the margin kept by MIG is $1087. All the trades are in profit. The margin percentage shows 685%. I have 7 trades of 0.5 lots open in Northfinance demo. Some are in profit and some marginally negative (only few pips). The leverage on the Northfinance demo is also 100:1 and account size was $5000. The margin they keep is my whole $5000 and I cannot open any more trades. The margin percentage shows 100.25%. Why does Northfinance keep so much back and why is it different from MIG although the leverage on both are the same? Previously I could open a lot more than 7 trades on MIG without the margin coming to the total of my whole account.
I would appreciate anyone that could assist me. I need to sort these things out before I attampt trading with my own money.
I would appreciate anyone that could assist me. I need to sort these things out before I attampt trading with my own money.