How do I set up a liquidation alert?
What's a liquidation alert?
A liquidation alert occurs when your account's equity falls below the required margin level set by the trading platform. This requires you to deposit additional funds to maintain your open positions or risk liquidation.
Why should I set up a liquidation alert?
Setting up a liquidation alert helps you manage your risk by notifying you when your margin level drops to or below 300%. This allows you to take timely actions, such as depositing more funds or adjusting your positions, to avoid liquidation.
How do I set up a liquidation alert on my trading platform?
Head over to the Trade section
Select any of these trading types (Spot, Margin or Futures), depending on your trading preference
Select the More option to proceed to trigger the Quick access menu
Select Settings and once in, select the Preferences option
Once the More option is selected, select Settings to load the page for notification set-up
Select Trade Notications and switch on the Liquidation alert part
Toggle the Liquidation alert option on to activate the notification
FAQ
Can I customize the liquidation alert criteria?
Yes, you can customize the criteria for liquidation alert. You can typically set the alert to trigger at a specific percentage of your margin level or when your account equity drops below a certain amount.
What notification methods are available for liquidation alert?
Web notifications and push notifications.
What should I do if I receive a liquidation alert?
If you receive a liquidation alert, consider the following actions:
Deposit additional funds: add more funds to your account to meet the margin requirements.
Close or reduce positions: close some positions or reduce the size of your positions to lower the margin requirement.
Monitor the market: keep an eye on market conditions and your account balance.
Can I set up liquidation alert for multiple accounts or trading pairs?
Yes, you can set up liquidation alerts for multiple accounts or trading pairs on our platform.
Is liquidation alert guaranteed to prevent liquidation?
No, liquidation alert isn't a guarantee against liquidation. They serve as a warning to take action but don't prevent automatic liquidation if the required margin isn't maintained. Always monitor your account closely, especially during periods of high market volatility.