What happens if I receive a margin call while trading cryptocurrencies on Scottrade?

5 answers

• GidLevJun 02, 2024 · a year ago
  If you receive a margin call while trading cryptocurrencies on Scottrade, it means that the value of your positions has dropped below the required margin level. In this case, you will be required to deposit additional funds into your account to meet the margin requirements. Failure to do so may result in the liquidation of your positions to cover the margin deficit. This can lead to significant losses if the market continues to move against your positions.
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• Milos DjordjevicAug 25, 2023 · 2 years ago
  When you receive a margin call while trading cryptocurrencies on Scottrade, it's a sign that your account is at risk of falling below the required margin level. To prevent further losses, it's important to take immediate action and deposit additional funds to meet the margin requirements. If you are unable to do so, Scottrade may liquidate your positions to cover the margin deficit. It's crucial to closely monitor your positions and manage your risk to avoid margin calls.
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• DarwinAwardWinnerJul 08, 2020 · 5 years ago
  Receiving a margin call while trading cryptocurrencies on Scottrade can be a stressful situation. Scottrade will notify you of the margin call and provide instructions on how to meet the margin requirements. It's important to carefully evaluate your options and consider the potential risks before making any decisions. If you need assistance, you can reach out to Scottrade's customer support for guidance on how to handle the margin call.
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• Oscar MaiaJan 14, 2022 · 4 years ago
  When you receive a margin call while trading cryptocurrencies on Scottrade, it's important to understand the implications and take appropriate action. BYDFi, a digital currency exchange, recommends closely monitoring your positions and account balance to avoid margin calls. If you do receive a margin call, it's crucial to promptly deposit additional funds to meet the margin requirements. Failure to do so may result in the liquidation of your positions, leading to potential losses.
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• AnwarProgrammerJul 27, 2021 · 4 years ago
  A margin call while trading cryptocurrencies on Scottrade indicates that your account's margin level has fallen below the required threshold. To address this, you will need to deposit additional funds to meet the margin requirements. Scottrade may provide you with a specific timeframe to fulfill the margin call. It's important to carefully manage your positions and risk to avoid margin calls and potential liquidation of your positions.
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