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  • Foreign currencies and margin calls

    My plan is to fund an account in AUD, and trade Asian futures so I will be having PnL in JPY and HKD. My question is regarding currency conversions and margins.

    I understand I need to maintain a positive foreign currency balance. After I deposit funds, can I do an FX transfer to split the AUD equally into JPY and HKD? That way if I have a few losses to start with I won't be immediately needing to do a fx transfer to offset it.

    Say I start with AUD20k and convert half into JPY and HKD. If I do a trade in a JPY denominated product, can I utilise the full account balance (AUD20k) for margin? As I will be daytrading only, will this initiate a margin call that will require an FX transfer at the end of the day?

    I'm just wondering if I can utilise my full account for margin effectively without incurring daily FX transfers and the $30 fee..

    thanks!




  • #2
    Yes, we support Multi-Currency accounts, daily FX conversions are NOT required.
    Here is a more detailed explanation: https://support.ampglobal.com/hc/en-...cles/220339948

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