Why can't I open a new position when I have available funds in my Libertex account?
When you open positions, remember that your total used margin must not exceed your free margin.
Here is an example.
Let's assume your account balance is €10,000, with €3,333 already in use. Thus, your free margin is €6,667.
You want to invest €700 in EUR/USD with a 500 multiplier. The margin you will need to open this trade is:
Margin= 700*500*1/30=€11,667
Thus, your free margin, €6.667, is less than the margin requirement for this position, €11,667. This is why your trade won't be open, and you will see the Insufficient Funds warning on your screen.
To resolve this issue, you have to invest a smaller amount.
If you wish to apply for professional status, you can click here.
When you open positions, remember that your total used margin must not exceed your free margin.
Here is an example.
Let's assume your account balance is €10,000, with €3,333 already in use. Thus, your free margin is €6,667.
You want to invest €700 in EUR/USD with a 500 multiplier. The margin you will need to open this trade is:
Margin= 700*500*1/30=€11,667
Thus, your free margin, €6.667, is less than the margin requirement for this position, €11,667. This is why your trade won't be open, and you will see the Insufficient Funds warning on your screen.
To resolve this issue, you have to invest a smaller amount.
If you wish to apply for professional status, you can click here.