The main account and the trading accounts
Every customer has one main account. It holds your cash: deposits land on it and withdrawals leave from it. It places no orders. Orders and positions live on a trading account linked to the main account. You can open several, and move money between the main account and any of them with Move money. A trading account is kept in one currency, its account currency: margins, fees, swaps and results are counted and shown in it.Paper and live
A paper account holds play money against the real prices. You can top it up and reset it, and nothing in it can be withdrawn or reaches a live account. A live account holds real money: gains and losses are real. The switch between the two is at the top of the screen.Equity, margin and margin level
On a trading account the app shows four figures:
The margin level is equity over used margin, as a percentage.
Two ways to be margined
A trading account is margined in one of two ways, chosen in its margin mode dialog:- Per position (the default, and the only mode of a main account). Each position is held against its own margin and carries its own liquidation price. One position being liquidated does not touch the others.
- As a whole. The whole equity of the account backs every position, as at a traditional broker. No position has a liquidation price of its own: when the account’s margin level falls to the stop-out level, positions are closed one by one, the one losing most first, until the level is back above it.