This error occurs when a trader attempts to open a trade but there isn’t enough funds to cover its costs; check details about the margin and spread cost of a trade action for more.
- Margin: This is the security deposit held for keeping the trade open. You can calculate this easily using our trader’s calculator, or read about how the trader’s calculator works.
- Spread Cost: This is the market maker’s profit which is deducted when you open a trade. It can be approximately calculated as:
Spread Cost = Average spread in pips × Pip Value
Pip value can be obtained from the trader’s calculator and average spread can be found easily on our website for all offered instruments.
That’s it! Now that you know how to make these calculations, you should be able to estimate the volume of trades you can place given a certain amount of funds.
Tips to resolve the error
There are cases where the spread, or costs associated with an order, fluctuate dynamically with time; one could simply wait until an opportune moment, such as a favorable price movement, presents itself to try the order again. Setting up a pending order with your desired price can also prove useful, as the order may be opened without the error at your trading account’s current fund level.
Alternatively, there are some more immediate actions you can take to resolve this error.
If you still repeatedly encounter this error, do not hesitate to contact our friendly Support team.