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Why does it say “Not Enough Money” when I try to place a trade?

The message “Not Enough Money” means that the Free Margin of your account is not sufficient to cover the amount of margin required to open your desired order.

Margin requirement depends on the lot size/volume and leverage.

For example, to open a position of 0.01 lot of USDCHF with a leverage of 1:1 required margin would be:

1,000 (0.01 lot) / 1 (leverage) = $1,000

If you set leverage to a maximum 1:1000 for example, the required margin would be $1.

Please check leverage level of your account in your Client Office >> Live accounts section >> View All – https://my.midasfx.com/account/list

Then, adjust it accordingly by clicking on the current leverage and selecting a new level from the drop-down list.

Why does it say “Not Enough Money” when I try to place a trade?

Note: You must restart MetaTrader 4 after changing your leverage for changes to be applied.

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Why does it say “Not Enough Money” when I try to place a trade?
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**Risk Warning: Trading leveraged products such as Forex and Cryptos may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. Read More Here