What should I do if I have a Margin Call?

If your account falls near to or below the Maintenance Margin level, you will receive a Margin Call.

1. If you receive margin call before 6:00 PM MYT, you will need to either:

i. Deposit more funds (MYR) into your Futures account to bring your Net Account Value back up to the required margin level (Initial Margin Requirement) before 9.00 PM MYT on Trading Day (T-Day) or;

ii. Close part or all of your outstanding futures position(s) to meet the full Initial Margin Requirement. Otherwise, partial or full Forced Liquidation of your position(s) will be executed at 9.00 PM MYT immediately after the market opens on T+1 night trading. This forced liquidation will be done on a first-in, first-out (FIFO) basis and on a best-effort basis to ensure that your Net Account Value meets the required Initial Margin level.

On days where T+1 night trading is not available, Forced Liquidation is to be conducted at 8:45 AM MYT for FKLI and 10:30 AM MYT for FCPO on the next business day.

2. If you receive margin call after 6:00 PM MYT, you will need to either:

i. Deposit more funds (MYR) into your Futures account to bring your Net Account Value back up to the required margin level (Initial Margin Requirement) before 8:00 AM MYT (on the next trading day) or;

ii. Close part or all of your outstanding futures position(s) to meet the full Initial Margin Requirement. Otherwise, partial or full Forced Liquidation of your position(s) will be executed immediately after the market opens (on the next trading day). This forced liquidation will be done on a first-in, first-out (FIFO) basis and on a best-effort basis to ensure that your Net Account Value meets the required Initial Margin level.

On days when the market is closed, Forced Liquidation is to be conducted at 8:45 AM MYT for FKLI and 10:30 AM MYT for FCPO on the next business day.

Note: Webull Malaysia will charge 6.5% interest per annum calculated on a daily rest basis based on the margin call amount after the market closes. The interest will accrue on a daily basis, and deducted from your cash balance on the 1st day of the following month.