What is an intraday margin call (IM Call)?
An Intraday Margin (IM) Call means your account doesn't have sufficient margin excess to support your day trading activities. To clear the call, you need to deposit sufficient funds by the specified deadline. If you don't resolve it by the due date, your account will only be allowed to make closing trades for the next 90 days.
What happens if I receive an IM Call?
Under the new rules, effective June 4:
IM Calls must be satisfied by the 5th business day (T+5)
The call can be met by depositing funds
Accounts that fail to meet the IM Call within 5 business days may be subject to a 90-day liquidation-only restriction
What does a 90-day liquidation-only restriction mean?
If a restriction is applied:
The account is limited to liquidation (sell-only) activity
New opening trades are not permitted
The restriction remains in place for 90 calendar days
What is Estimated Overnight Deficit (EOD)?
This calculation provides an estimate of the margin call that may be issued on the next business day if the deficit remains at market close. The actual amount is subject to change as position values fluctuate during the trading day, and includes funds reserved by pending orders. To mitigate risk, the deficit should be addressed by liquidating positions, cancelling pending opening-position orders, or depositing additional funds before market closure.