What is MetroTrade's Auto-liquidation policy?

Accounts must meet exchange initial margin requirements by 3:30PM US central time or risk auto-liquidation.

• MetroTrade reserves the right to liquidate any commodity positions in your account at its SOLE AND ABSOLUTE DISCRETION without prior notice. Clients are responsible for monitoring their positions and are financially responsible for any losses generated by open positions.
• Without limiting the foregoing, MetroTrade generally liquidates open positions if the client’s Equity-to-Margin ratio (as defined below) drops below 8%, or the account Net Liquidating Value (NLV) drops below $600.00 (whichever comes first). For accounts with only micro e-mini futures positions, a liquidation may occur when the Net Liquidating Value (NLV) drops below $85.00. In such instances, your account may be locked, open positions may be liquidated, and if our risk management staff liquidates your position due to inaction on your part, a liquidation fee will apply.
• MetroTrade’s current liquidation fee $15 for micros and $25 for full/minis. Stonex's liquidation fee is $50.00 per contract if the auto-liquidation reaches their thresholds.
• Your “Equity-to-Margin ratio (%)” is calculated by dividing your NLV by Initial Margin (IM) * 100.
• Day-Trade margin parameters will be brought to full exchange Initial Margin requirements at 3:30 pm CT. For any customer that entered a position using day-trade margins and has not offset their position prior to 3:45 pm CT, the positions MAY be liquidated.
• A client opening an account and trading with us signifies the client’s agreement with this liquidation policy.