Will my existing open positions be affected?

Yes. These controls apply to existing open positions as well as positions opened during a restriction window, including positions opened when pending orders are triggered.

On regular accounts, removing trading credit can reduce the equity available to support your positions. On Dynamic Leverage Accounts, reduced leverage can increase the margin required to maintain your positions.

Can these adjustments cause my positions to close automatically?

Yes. Removing trading credit or increasing margin requirements may reduce your available margin and margin level. A margin call is issued at a margin level of 100%, and if your account reaches the stop out level of 70%, some or all of your positions may close automatically.

This can happen even without an adverse movement in market prices. Please review your account before each restriction window begins.

Can I still trade during a restriction window?

These controls do not themselves prohibit trading. However, any new trades must meet the margin requirements and trading conditions applicable during the restriction window.

You may have less capacity to open or maintain positions because of reduced leverage or the temporary removal of trading credit.

What happens to pending orders?

If a pending order triggers during a restriction window, the resulting position is subject to the controls and margin requirements in effect at that time.

Do not assume that an order placed before the restriction window will retain the earlier margin conditions when it executes.