![]() Make sure all transactions have posted and are no longer pending before you request to close the account.If you have outstanding checks, let the payees know your account is closed.If you use your account to make recurring payments (such as internet access or subscriptions) you'll need to contact the businesses to let them know the account is closed and to make other payment arrangements.Cancel any recurring payments and stop making new transactions:.If your account has a negative balance, you'll need to pay it in full or talk to us before we can officially close it. If you have a remaining balance, please transfer it to another account a few days before closing it because this process can take a while to complete. Bring your account balance to zero - this is an important step.You can review and update your account profile by logging in to Online Banking. Confirm your mailing and email addresses are correct - we'll email you to let you know when your account is officially closed and send your final statement in the mail - please make sure your information is up-to-date.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The majority of retail investor accounts lose money when trading CFDs. You must assess and consider them carefully before making any decision about using our products or services.ĬFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. ![]() Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. In this example the margin on this position would be $4521.5, therefore in order to open a position of this size you would require at least $4521.5 in free equity in your trading account. Margin Requirement = (current market price x volume) / account leverageĮUR/USD is quoted at the current market price of 1.35645, your account has a leverage of 1:30 and you would like to trade one standard lot. Margin can be calculated using the following formula: Margin is normally expressed as a percentage of a position size (e.g. The free margin amount shown in the trading platform is the amount you have available to use should you wish to open additional positions. If you do not have sufficient free equity available you will be unable to open a position on the trading platform. Margin requirements can vary depending on the market you are trading, where you hold your account and the size of your trade. This is not a fee or a transaction cost, it is simply a portion of your account equity set aside and allocated as a margin deposit. Margin is the amount of money required to open or maintain a position. To place a trade, please ensure you have funded your account via the Eightcap Client Portal.If successful, you should now be logged in to the TradingView platform with your Eightcap credentials.(Note: Ensure you do not copy blank space) In the window that pops open, copy the Eightcap TradingView credentials from the Eightcap welcome email and paste them into the corresponding fields.You will then need to log in using your Eightcap TradingView credentials from your Eightcap welcome email. ![]()
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