Leverage issue
Leverage issue
08 Jul 2024, 10:10
Hello, I tried to open a buy position on BTC with my 10k FTMO account with approximately X5 leverage (I can use until X30) and here's the result :
2024.07.08 08:03:11.262 | Request to Buy Contracts 0.87 BTCUSD is sent to server
2024.07.08 08:03:11.303 | → Request to Buy Contracts 0.87 BTCUSD is ACCEPTED, order OID87494749 created (08/07/2024 08:03:11.274 UTC+0)
2024.07.08 08:03:11.661 | → Order OID87494749 is REJECTED with error "NOT_ENOUGH_MONEY"
what's the problem here?
Thank you in advance!
Replies
gb.bullish
09 Jul 2024, 06:38
( Updated at: 09 Jul 2024, 15:04 )
RE: Leverage issue
PanagiotisCharalampous said:
Hi there,
You need to check your symbol's leverage as well, through the active symbol panel, not only your account's leverage.
Best regards,
Panagiotis
Hello,
Thank you for your response!
Here's a screnshot of my symbol window. It seems all the crypto symbol are set on 1:1 leverage (forex has more than 1:1 leverage). (It's on Windows, but same problem on my Mac)
Edit : Same problem ("not enough money") with a demo cTrader account, despite the leverage in the window symbol :
Best regards.
@gb.bullish
PanagiotisCharalampous
09 Jul 2024, 15:05
RE: RE: Leverage issue
gb.bullish said:
PanagiotisCharalampous said:
Hi there,
You need to check your symbol's leverage as well, through the active symbol panel, not only your account's leverage.
Best regards,
Panagiotis
Hello,
Thank you for your response!
Here's a screnshot of my symbol window. It seems all the crypto symbol are set on 1:1 leverage (forex has more than 1:1 leverage). (It's on Windows, but same problem on my Mac)
Edit : Same problem ("not enough money") with a demo cTrader account, despite the leverage in the window symbol :
Best regards.
So the message you receive is correct
@PanagiotisCharalampous
gb.bullish
09 Jul 2024, 15:33
( Updated at: 09 Jul 2024, 17:31 )
RE: RE: RE: Leverage issue
PanagiotisCharalampous said:
So the message you receive is correct
To be clear, it means no leverage with cryptocurrencies on the cTrader platform?
Edit : Regardless of the version of cTrader, regardless of the currency, whether on the demo account or my FTMO account, i cannot use leverage. And there is apparently nothing I can do about it.
@gb.bullish
PanagiotisCharalampous
10 Jul 2024, 05:28
RE: RE: RE: RE: Leverage issue
gb.bullish said:
PanagiotisCharalampous said:
So the message you receive is correct
To be clear, it means no leverage with cryptocurrencies on the cTrader platform?
Edit : Regardless of the version of cTrader, regardless of the currency, whether on the demo account or my FTMO account, i cannot use leverage. And there is apparently nothing I can do about it.
The leverage is decided by the broker, not by the platform
@PanagiotisCharalampous
gb.bullish
10 Jul 2024, 05:56
RE: RE: RE: RE: RE: Leverage issue
PanagiotisCharalampous said:
gb.bullish said:
PanagiotisCharalampous said:
So the message you receive is correct
To be clear, it means no leverage with cryptocurrencies on the cTrader platform?
Edit : Regardless of the version of cTrader, regardless of the currency, whether on the demo account or my FTMO account, i cannot use leverage. And there is apparently nothing I can do about it.
The leverage is decided by the broker, not by the platform
Ok i understand, thank you for your time and for your help!
Have a nice day.
@gb.bullish
PanagiotisCharalampous
09 Jul 2024, 05:48
Hi there,
You need to check your symbol's leverage as well, through the active symbol panel, not only your account's leverage.
Best regards,
Panagiotis
@PanagiotisCharalampous