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Certain conditions can change a product's status from freely tradable to restricted, such as changes in a stock's listing or clearing status. In such cases, MEXEM allows clients to close existing positions but won't accept orders to open or increase positions.
Read MoreMTM profit/loss reflects overall profit/loss regardless of open or closed positions. MTM P/L = Position MTM + Transaction MTM - Commissions. Position MTM = (Current Closing Price - Prior Closing Price) x Prior Quantity x Multiplier. Transaction MTM = (Current Closing Price - Trade Price) x Current Quantity x Multiplier. More info in Knowledge Base and Reporting Guide.
Read MoreAssets listed on the VALUE exchange generally will be non-tradable assets. If you are holding a long position in such an asset and wish for MEXEM to remove the position from your account, please see: How do I close a worthless position?
Read MorePortfolio Margin requires as low as 15% for diversified portfolios of low volatility securities. For a single stock, it's minimum 30%, possibly higher for high volatility or substantial price increase. Concentration charges apply for 1%+ of outstanding shares. Check margin requirements in TWS. More info on MEXEM's website.
Read MoreTo remove a worthless security position, account holders can use the Dollar for Lot process. MEXEM will take over the position for a nominal payment of USD 1.00. In TWS, eligible positions can be closed by right-clicking and selecting "Close" or creating a Sell order. Sign the Dollar for Lot Acknowledgement and transmit the order. Execution occurs from 4am-8pm EST, Monday-Friday. For positions without "(DOLLR4LOT)", a Special Position Liquidation Agreement is required. The form can be found on our website and should be submitted through the Upload Documents tool. Attachment size should not exceed 25MB.
Read MoreIn TWS Latest 970 or newer, use the Roll Builder tool to roll an option to the next expiry. Right-click the desired position in the Portfolio section and click 'Roll'. In the Roll Builder, your current position is shown at the top. Select your new contract from the option chains above. The current position is highlighted and the new one is marked by an empty circle. The roll is displayed under the 'Open' section. We pre-select the buy/sell action to match your original position. Verify order details before submitting. More info is in our Users' Guide.
Read MoreAccount holders maintaining a long security position (e.g. stock or bond) that is worthless but has not yet been cancelled by the depository may submit a request to have that security removed from their account via a process referred to as Dollar for Lot...
Read MoreMEXEM clients can hold multiple currencies in one account. For trades in a new currency, cash account holders must convert funds, while margin account holders can use a margin loan or convert funds. After closing, profits or losses remain in the trade's currency.
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All investments involve risks, including the possible loss of capital.
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Any advertisement or communication concerning the distribution of derivatives falling within the scope of the Regulation of the FSMA of 26 May 2016 governing the distribution of certain derivative financial instruments to retail clients is not addressed to the Belgian public.
