"Zero-based Contract" is a series of perpetual contract series popular sciences of Bitget. It provides multi-dimensional guides for contract users through graphic tutorials, comics, videos, etc. so that zero-based users can easily get started.
[Zero-based Contract] 022:"Automatic Margin Call" Function
Automatic margin call function introduction:
After the “automatic margin call” function is enabled, when the position is about to force a reduce or burst, the system will transfer the funds available in your contract account to the margin of the position, so that the actual margin rate of the position will be equal to the margin rate when the user sets the leverage.
Then our system will try to recoup the margin ratio to 100% or as many as possible with the funds available in the futures account balance. And it will repeat this process whenever the margin ratio reaches the required maintenance margin ratio again.
This function will be reset when the position is all closed. You need to turn it on after you open the position next time to continue using this function.
Among them, the actual margin rate = (position margin + unrealized profit and loss) / position value
The automatic margin call function will reduce the probability of position burst, but in extreme cases it may result in a total loss of funds available in your contract account.
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