The account summary tab gives you a snapshot of the financials on your account.
In this tutorial, we are going to run through the details of the account summary tab.
The account summary is located in the bottom window and gives a handy review of the key details of your trading account. First, we click ‘account summary’, you will notice it starts with the account balance, which are the funds you had available before any open position profit or loss and any deposits or margin required to hold your open positions.
Next is credit allocation which may apply in certain circumstances, if you have shown funds have been confirmed from your bank account but haven’t cleared just yet.
Next, you can see your open positions profit and loss, this will be active if you have current open positions and will show zero if you do not have any open positions on your account.
Your account valuation which shows the value of your account if all positions were closed and fluctuates live with your current opening positions.
Next, you can see that the deposit or margin required to fund your current open positions.
You will then notice your available funds is your account valuation minus your deposit or margin required to fund your open positions. Lastly, you can see the percentage of positions that are funded. It’s always good to see a high number here, such as 250% plus. If your percentage falls below 100%, your account is underfunded and is on a margin call.
In this case, you will need to send additional funds and/or reduce your current open positions. All open positions will be liquidated if the funding percentage falls below 20% per cent.
So that’s an overview of the account summary tab. We look forward to seeing you in the next tutorial. Thank you.