Spotware Demo Account 1:500 Insufficient Funds
Spotware Demo Account 1:500 Insufficient Funds
17 Nov 2023, 07:28
Hi
I'm trying to test a strategy on a demo account. Whenever I create a new account, I select GBP as the currency and 1:500 for leverage to be in line with my broker. However, when I enter a trade that risks 2% of my account, I'm not longer able to enter another trade as it states I have insufficient funds. I immediately go to a Margin level of about 200%
Surely this is wrong as I should be able to enter quite a number of trades
Replies
ctid3999979
21 Nov 2023, 08:11
RE: Reply to: Spotware Demo Account 1:500 Insufficient Funds
Hi
I'm trading GBPUSD. I simply create a new demo account in Spotware cTrader (the one from this site, not a branded one from a broker), select GBP as my account currency with £1000 and 1:500 leverage. I can place one trade fine with a 2% risk, but if I try to place an additional order with another 2% risk it gets rejected because of insufficient funds.
@ctid3999979
PanagiotisCharalampous
21 Nov 2023, 13:45
Reply to: Spotware Demo Account 1:500 Insufficient Funds
What is the size of the position you are trying to open and what is the free margin? If you share some screenshots with the position size, the free margin, the margin level and any other useful information then it would be easier to understand what you are doing
@PanagiotisCharalampous
PanagiotisCharalampous
18 Nov 2023, 06:05
Reply to: Spotware Demo Account 1:500 Insufficient Funds
Hi there,
Which symbol do you trade and what is the leverage for the specific symbol?
Best regards,
Panagiotis
@PanagiotisCharalampous