Margin Close-Out


If the total margin in a retail client’s account falls under 50% of the amount of initial margin required in respect of the open positions, the company will close one or more of the positions in order to ensure that retail investors’ margin is not eroded close to zero. MCO also applies to positions with a Stop Loss Order or limited risk protection.

Margin Close Out is always triggered at 50% apart when adverse market conditions exist. In such rare cases the MCO is triggered at the closest rate possible to 50%.

The MCO rule will not prevent investors from choosing to ‘top up’ their margin if they wish to do so.


Under the default setting, when MCO is triggered the open position with the least volume will be closed automatically. This action will be repeated at any time MCO is triggered and may be repeated until all open positions are closed.If the necessary margin is not available and the client wishes to close any hedged positions, then the client must make the request by calling the Brokerage Department on (+30) 2112340924 and giving verbal instructions. In case MCO is triggered and the symbol of a position is out of market hours, then the position will not be closed.



When MCO is triggered, you have the option for automatic partial closure of all your existing open position(s) by 10% of their amount.

The “Partial Close” method will not partially close the position(s) that their market is currently closed, the rest of the positions will be closed partially (by 10%) by the system.

If the 10% of the partial closure will not be enough to reach a positive margin, then this will be increased by 1% at a time until a positive margin is reached.

The close price will be the price available when MCO is triggered.

The minimum Position size that can be reached using the partial close method are:

•             100 units for Forex pairs;

•             0.01 units for Synthetic Derivatives; and

•             0.1 for all other CFD symbols.

Otherwise, the system will automatically close the full amount of the position(s).

Any set Stop Loss (SL) or Take Profit (TP) on existing positions will not be cancelled.


When MCO is triggered you have the option to automatically re-open the closed position(s), with up to 75% of their initial volume. 

This method will not charge you with spread fees.

The “Close All – Partial re-open” method will not close the position(s) that:

  • Are fully hedged and
  • Their market is currently closed.

The rest of the positions will be closed and re-opened by the system. 

The calculation method will be taking into consideration the 75% of the initial volume of the closed positions and it will be reducing it by 1% till it gets to positive Margin. The open price is the price at MCO.

In case of any existing Stop Loss (SL) or Take Profit (TP), the re-opened position(s) will have the same SL/TP rate(s).

The positions that will be opened first will be those with the biggest volume. In case positive margin can’t be reached the positions with lower volume, or all the positions may not be re-opened at all. 

In case the market moves too fast and the MCO price is not available, the system may not re-open the relevant position.

For further details regarding the company’s execution of orders please refer to the Order Execution Policy that forms an integral part of the service agreement.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Our apologies, but we cannot serve clients from this country at this time.