If you are seeing this error, it means you do not have sufficient funds to place the trade you are requesting.
When placing a trade, it is important to remember that you need enough funds to cover:
- Margin: This is the security deposit held for keeping the trade open. You can calculate this easily using our Trader’s calculator. You can read all about its uses here.
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 x Pip Value
Pip Value can be obtained from the trader’s calculator and the 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:
If you still repeatedly encounter this error, do not hesitate to contact our friendly Support team.