Margin Requirement

The minimum deposit of funds that you need to have in your account to open a new trade is known as the minimum margin requirement. On the platform, you can find the minimum margin requirement for each market by clicking on the "i" information button to the right of each market on the platform. If, for example, the Margin Requirement on your desired market is 30 - 150 and you want to place a £2 a point trade, you will have to have at least £60 (30 x £2) in your available Trading Resources. The minimum margin requirement varies depending on the market.

The minimum margin requirement allows you to get into a trade with a low balance of Trading Resources. However, a lot of the time, you will have more than sufficient available Trading Resources. In these cases, the amount that will be used as margin will be the maximum margin requirement. With sufficient resources, if the Margin Requirement is 30 - 150 and you want to place a £2 a point trade, you will be margined £300 (150 x £2). The maximum margin requirement varies depending on the market.

Stop-Loss Policy

paddypowertrader automatically creates a stop-loss for every trade opened. The system will assign the stop-level based on 80% of the maximum margin requirement if there are sufficient Trading Resources in your account. If there is not, then the system will set the stop-loss at 80% of the available funds in your account. Continuing with the example, if the Margin Requirement is 30 - 150 and you want to place a £2 a point trade and you have £2000 in available funds, then you have more than enough Trading Resources and your stop-loss level will be placed 120 points (150 x 80%) away from your entry level.

You may amend your stop-loss to whatever level you desire, assuming you have the funds available and that your required stop is outside the minimum stop distance allowable for that market. Although stop-loss orders do go some way towards limiting your risk on your open trades you must be aware that your stop-loss order is not guaranteed. This means that should a market gap, you may lose more money than your initial deposit (see clause 10 in the terms and conditions).

General Notes

i) All details are correct at time of going to press. Paddypowertrader Ltd reserves the right to alter the contract specifications at any time and to widen spreads in times of excessive market volatility.

ii) All times stated are UK times.

iii) All bets are closed on a ‘First In First Out’ basis.

iv) The minimum bet size on all products is £1, $1, €1 or 1 SEK.