So you're going to be pedantic. By fell it was obvious I meant the market moving against you by 10%. Since you obviously make so much money why did you not add extra cash to your account in the first place so you didn't get margin calls.
Why not use 90:1 leverage when leverage is 200:1...
CMC will fob you off with anything! They tried with me. I find it insulting that they think some guy at a chat desk thinks he knows more than me about computers especially when they use an awful slow CPU wasting java platform to start with. They are liars. At the end of the day they are a scam...
No they are ridiculous full stop. With £2.5M of shares a 1% movement would eat all your capital. Margin is reserved as with £2.5M @ 200:1 with £30k you only have £15k free. That's less than 1% movement! You obviously have more money than brains though (or maybe none of either). CMC have not...
CMC are a**holes but still you opened ridiculous positions.
lets say FTSE @ 4000 and S&P @ 1000
500 FTSE x 4000 = £2M
1000 S&P X 1000 = $1M = £600,000
£2.6M of positions.
I smell troll.