Upon some replies, I doubt some ever traded with respectful brokers like US or Swiss brokers.
For your info, in normal leverage trading, if equity goes to margin requirement, the broker will immediately close all open positions(that hotforex margin policy talk about) because client used the full margin to maintain the orders, other brokers hedge the positions asking client to add money to increase free margin, and some close positions partially until free margin is appropriate to hold the open positions. hotforex had done nothing of all.
in my case of over leverage trading, with a respectful broker, orders get closed by broker when % level of leverage used becomes 100 or 200%, which is yet far than equity reach to margin requirement,
for example if 10k account, client opens 50lots, when equity becomes half the balance or 5K, all orders get closed by broker because the client used more than the default 1:400 leverage, that's the first shield to defend the account from quick loss or even zero balance, then the second shield comes when equity goes below margin requirement that will automatically match with margin call and stop out.
hotforex had done nothing for all these basic trading rules of margin.
For your info, in normal leverage trading, if equity goes to margin requirement, the broker will immediately close all open positions(that hotforex margin policy talk about) because client used the full margin to maintain the orders, other brokers hedge the positions asking client to add money to increase free margin, and some close positions partially until free margin is appropriate to hold the open positions. hotforex had done nothing of all.
in my case of over leverage trading, with a respectful broker, orders get closed by broker when % level of leverage used becomes 100 or 200%, which is yet far than equity reach to margin requirement,
for example if 10k account, client opens 50lots, when equity becomes half the balance or 5K, all orders get closed by broker because the client used more than the default 1:400 leverage, that's the first shield to defend the account from quick loss or even zero balance, then the second shield comes when equity goes below margin requirement that will automatically match with margin call and stop out.
hotforex had done nothing for all these basic trading rules of margin.