How much penalty is? and What’s the rate of penalty levied by the Exchange?

A margin penalty is a fee imposed when there’s an insufficient margin in your trading account. Exchanges mandate traders to maintain ample margins and transfer funds to cover any shortfall. This ensures the availability of necessary funds or margin for trades.

TradeJini applies two types of margin penalties:

Upfront Margin Penalty:

This penalty is incurred if a trader lacks sufficient margin when initiating a trade. It’s crucial to have the required upfront margin to avoid this charge.

Non-Upfront Margin Penalty:

After meeting the upfront margin, clients must fulfill non-upfront margin requirements. Failing to provide the necessary funds within the specified timeframe results in a deficit and may lead to penalties.

How Charges are Applied:

If a client defaults three times in a month, they will be charged 1% on the shortfall amount. On the fourth default within the same month, a 5% charge is applied to the deficit amount.