i started using ninjatrader broker about a month now .not too impressed with them but giving it time . They closed a position last night saying i didnt have enough to cover margin. i had more than enough to cover 2 times the $500 margin per contract which i was told the week before fx margin have not been increased . .But it was euro and was in a trading range and it hit higher prices twice during the night above the price they said i was over leveraged. they told me because of volatility the margin increased but it wasnt a volitile market . It did reverse for 50 pips . so i got closed out for a loss and lost on profit if it wasnt closed .any one have this situation and what can i do .

hoppy123 

i started using ninjatrader broker about a month now .not too impressed with them but giving it time . They closed a position last night saying i didnt have enough to cover margin. i had more than enough to cover 2 times the $500 margin per contract which i was told the week before fx margin have not been increased . .But it was euro and was in a trading range and it hit higher prices twice during the night above the price they said i was over leveraged. they told me because of volatility the margin increased but it wasnt a volitile market . It did reverse for 50 pips . so i got closed out for a loss and lost on profit if it wasnt closed .any one have this situation and what can i do .

I am not entirely sure what instrument you were trading here, but if you held a position overnight the margin increases significantly vs. the day margin. This applies to all instruments. If you do not have enough margin in your account, NinjaTrader Brokerage have the right to liquidate your position at anytime, even if the position was in profit. This is for their protection and ultimately yours.

Now, if you are saying this was a mistake on their part then that is worth having a conversation, but I am not sure you are in a position to fight this one. Of course, I don't know all of the details.

However, if the margins recently increased which spilled you over into a margin call, then as a trader you should be fully aware of what they are before holding an overnight position. You can always call them to confirm but my guess is they probably send email updates as well. I know my broker does.

Sometimes the broker may even call you up and ask for you to post additional margin to your account or liquidate your position yourself. But, they don't have to do this, I consider this a courtesy on their part.

https://ninjatrader.com/pricing/margins/

so after the broker rep is saying to ask customer service and customer service is saying askthe brokerrep . They said they increased margin due to high volatility . mean while it was in a 20 pip range for 3 hrs . So i asked how do i know what margin is used because on your site it says $500 per euro contract . The plarform doesnt show what marginis used .they said ninja trader has the right to change at any time with out notifying the customer . i left a small broker used for 5 yrs discounttrading.com because want to a bigger one and i liked there platform ninja trader but these guys suck real bad . i guys bigger with flashy ads dont mean better

On another note been using free version of ninja trader and like the platform . so after connecting the software to broker i noticed half the features on the palform werent working . they said i need to buy the plaform for $1500 for the feature to work . But they worked before i connected to ninja trader .

hoppy123 

so after the broker rep is saying to ask customer service and customer service is saying askthe brokerrep . They said they increased margin due to high volatility . mean while it was in a 20 pip range for 3 hrs . So i asked how do i know what margin is used because on your site it says $500 per euro contract . The plarform doesnt show what marginis used .they said ninja trader has the right to change at any time with out notifying the customer . i left a small broker used for 5 yrs discounttrading.com because want to a bigger one and i liked there platform ninja trader but these guys suck real bad . i guys bigger with flashy ads dont mean better On another note been using free version of ninja trader and like the platform . so after connecting the software to broker i noticed half the features on the palform werent working . they said i need to buy the plaform for $1500 for the feature to work . But they worked before i connected to ninja trader .

I cannot comment further as I am not with NT Brokerage. You could perhaps engage @NinjaTrader who (after supplying them with a few details) should be able to provide you with a finite explanation. I am not sure it will help though. I believe what they are saying is correct. They can liquidate your position at any time. I have tagged them in this post, but you can always PM them from NexusFi.

JonnyBoy 

I cannot comment further as I am not with NT Brokerage. You could perhaps engage @NinjaTrader who (after supplying them with a few details) should be able to provide you with a finite explanation. I am not sure it will help though. I believe what they are saying is correct. They can liquidate your position at any time. I have tagged them in this post, but you can always PM them from NexusFi.

Yeah looking for a new broker . Need to do more research though .Make sure its not some high marketed company that once sign its a night mare .

hoppy123 

Yeah looking for a new broker . Need to do more research though .Make sure its not some high marketed company that once sign its a night mare .

You are in the US, so you have plenty of options. Us poor Canadian folk are a bit limited!

hoppy123 

i started using ninjatrader broker about a month now .not too impressed with them but giving it time . They closed a position last night saying i didnt have enough to cover margin. i had more than enough to cover 2 times the $500 margin per contract which i was told the week before fx margin have not been increased . .But it was euro and was in a trading range and it hit higher prices twice during the night above the price they said i was over leveraged. they told me because of volatility the margin increased but it wasnt a volitile market . It did reverse for 50 pips . so i got closed out for a loss and lost on profit if it wasnt closed .any one have this situation and what can i do .

Every brokers is different of course, but usually an overnight position requires 4 times the margin (x2 the regular day margin), this is pretty standard..., especially if you are a new customer. Not to mention that right now with the crazy market we have, no brokers are taking any chances.

hoppy123 

i had more than enough to cover 2 times the $500 margin per contract

That's the Intraday Margin. Maintenance Margin (in normal situation) is $2275 per contract.

hoppy123 

any one have this situation

I am with NT, never had any problems like you mentioned but I don't hold positions overnight.

hoppy123 

what can i do

1. Know the rules (regarding margin). Be informed, NT publishes a web page with actual margin requirements.

2. Don't overtrade, use less leverage (with 1 lot you're trading 125k euro!). You can look at the micro euro (m6e) to trade or fx to take smaller position.

3. Put more money in your account.

Good luck.
-Mich

I guess he doesn't mean holding a position over-night, I means trading the overnight-session (5pm CT and later)

tr8er 

I guess he doesn't mean holding a position over-night, I means trading the overnight-session (5pm CT and later)

I you are in the US, then the globex is considered overnight, same as stocks.