The “Not enough money” error indicates that you’re trying to place a new trade without having enough money to cover the margin requirement, ie the free margin is less than the required margin for the new trade.
You have your own leverage setting in your trading account, and you will be required certain margin to support your open positions.
For example, if you want to trade 100,000 dollars of trading volume, and the leverage you have set is 1:100. Then you will be required to have more than 1,000 dollars to open the position.
*This is a rough calculation, but it may help you understand the concept.
The required margins, margin levels and available margins for new positions are always visible in MetaTrader.
It is a smart choice to have enough margins to support all your existing positions in any cases, so you won’t have to face “Stop Out”(liquidation) that could zero your account balance in a moment.
For your information, XM’s Stop Out % is 20% for all accounts types, and the maximum leverage available is 1:888.
For more information on XM’s service, please visit the page here.
- Official Site
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