Trade Forex CFd shares with CMC markets

 What are Account close out level says

How the Levels Work

• 100% (Margin Call): You are on margin call because your account value (cash + unrealized profit/loss) no longer covers the full margin required to hold your positions.
• 80% (Warning Level): You receive an email or push notification warning you that your account is approaching liquidation.
• 50% (Close-Out Level): This is the "kill switch." If your account value drops to 50% of your total margin requirement, the platform begins automatically closing your positions.

• During a Close-Out: When your account hits the 50% level, the platform doesn't just close one tiny trade to get you to 51%. It will close enough positions until your account value is back up to the Reset Level (e.g., 120%) relative to the margin required for your remaining trades.

Yes, if you have netting enabled (hedging turned off) on CMC Markets, a sell order placed above your current long position will close out your existing shares when triggered. 

In netting mode, the platform treats all orders for the same instrument as a single "net" position. Here is how your specific scenario would work: 

• Current Position: You are "Long" 12 shares.
• The Order: You place a Stop-Entry Sell Order (or a Limit Sell Order) for 12 shares at a price above the current market price.
• The Trigger: Once the market price hits your specified level, the platform executes the sell order.
• The Result: Because you have 12 long shares and you just sold 12 shares, your net position becomes zero, effectively closing your trade. 

Important Distinction on Order Types

• Stop-Entry vs. Take-Profit: Usually, if you want to close a long position at a higher price to secure gains, you use a Take-Profit order.
• Stop-Entry Orders: These are typically used to "enter" a new trade when a price level is broken, but in netting mode, they will still offset (close) your existing opposite position first.
• Stop-Limit Orders: If you specifically use a Stop-Limit, it will only trigger at your "stop" price and then only fill if the "limit" price is also met. If the price gaps past your limit, your 12 shares might stay open.

If you want to close only 3 out of your 12 shares at a specific price above the market, placing a Sell Limit Order for 3 shares will achieve this on a netting account. 

On the TradingView-CMC integration, standard "Take Profit" (TP) brackets are often "all-or-nothing" because they are attached to the entire position. Using an independent sell order is the standard workaround. 

How to execute your partial close

• The Order: Instead of using the TP button in your position, open a new Order Ticket.
• Settings:
  • Set the type to Limit.
  • Select Sell.
  • Set the quantity to 3.
  • Set the price to your target level (above current price).
• The Execution: When the market hits that price, the platform will sell 3 shares. Because your account is in netting mode, it will automatically deduct those 3 from your 12-share long position, leaving you with 9 shares. 

Important Precautions

• Manual Management: These "independent" limit orders are not linked to your original position's Stop Loss. If your main Stop Loss is hit and closes all 12 shares, your Sell Limit for 3 shares will remain active as a new "sell-to-open" order. You must remember to cancel it manually if the trade ends early.
• Netting Mode: Ensure you haven't accidentally turned on Hedging in your CMC Markets account settings. If hedging is on, the sell order will open a new "Short" position of 3 shares instead of closing part of your "Long".
• Partial Close Feature: You can also perform a manual partial close at the current market price by clicking the "X" on your position line in TradingView and checking the "Partial Close" box in the pop-up (if your broker/account version supports.

When you selected Speculation as your account intent with CMC Markets Canada, you chose an account that operates in Netting mode by default. 

1. Why you provided extra documents

In Canada, trading accounts are strictly regulated by the Canadian Investment Regulatory Organization (CIRO), formerly IIROC. 

• Speculation vs. Hedging Intent: A "Speculation" account means your primary goal is to profit from price movements. Because this is considered higher risk than "Hedging" (which is used to protect an existing asset), regulators require more thorough Risk Disclosure Statements.
• Suitability & Compliance: CMC must verify that your financial resources, experience, and risk tolerance match a speculative profile. The "extra documents" you provided were likely part of this Know Your Client (KYC) process to ensure you understand the risks of leveraged CFD trading. 

2. Is "Netting" active?

Yes, for a retail speculation account, Netting is the standard setting. This means: 

• You cannot hold a "Long" and "Short" position on the same asset at the same time.
• Any sell order you place while you have a long position will first reduce or close your existing shares before opening a new short position.
• This confirms your plan: a Sell Limit Order for 3 shares will successfully close 3 of your 12 shares. 

3. Why don't you see a "Hedging" toggle?

In some jurisdictions or account types, the ability to switch to "Hedging mode" is restricted. 

• If your account is strictly a Speculation (Netting) account, the option to turn on hedging might be completely disabled or hidden because your account type does not allow simultaneous long and short positions on the same instrument.
• CMC's Order Execution policy notes that "hedging" (holding opposite positions) is only possible if account netting is disabled, which may not be an option for certain Canadian retail accounts. 

US Share Baskets have holding costs, but their fee structure is designed to be more cost-effective for long-term positions compared to individual shares

Fee Terms: Baskets vs. Individual Shares

Fee Type [1, 2, 3, 4, 5, 6, 7, 8]	US Share Baskets	Individual US Shares
Commission	$0 / Commission-Free	Typically $0 (but some regions or account types may have minimums like $10).
Holding Cost	Lower / Reduced Rate. Calculated as a weighted sum of components + a lower CMC premium.	Standard Rate. Based on the interbank rate + a 2.5% CMC markup.
Spread	A single spread for the entire basket.	Individual spreads for every single stock position you open.

How Holding Costs Work for Buy Positions

If you hold a Buy (Long) position past 5:00 PM (New York Time), you will be charged an overnight holding fee. [1]

• The Calculation: (Units × Mid-Price × Holding Rate Buy) / 365.
• The Benefit: Because a basket is a single instrument, you pay one holding charge for the entire group of stocks. If you tried to recreate the "Big Tech" basket by buying 20 individual shares, you would be paying 20 separate holding costs, which usually ends up being significantly more expensive due to how CMC weights the basket premiums

Summary of your setup

• Your Account: Speculation (Netting).
• Your Strategy: A Sell Limit order for 3 shares will trigger a partial close of your 12-share position.
• Why the paperwork?: Canadian law (CIRO) requires proof that you can handle the risk of "speculating" with leverage.

In Canada, the extra paperwork for a Hedging account (as opposed to a Speculation account) is required because CIRO (the Canadian regulator) treats "Hedgers" as a specific class of client that can sometimes be exempt from certain retail protections. 

What are the extra documents for?

If you select Hedging, you must prove that your trades are actually protecting an underlying asset (like owning physical gold or actual stocks) rather than just betting on the price. To qualify, you may need to provide:

• A Hedging Strategy/Program: A written document explaining exactly what you are hedging and how the CFD position offsets that risk.
• Verification of Underlying Exposure: Proof (such as bank or brokerage statements) showing you own the actual asset you claim to be hedging.
• Institutional Client Categorization: In some cases, a "Hedger" might be classified as an Institutional Client, which requires signing documents acknowledging that the broker's "suitability" and "supervision" obligations are lower than for a standard retail client. 

Why do they require this?

1. Risk Assessment: Regulators want to ensure you aren't just using the "Hedging" label to bypass leverage limits or standard retail rules. They must have a "reasonable basis" to believe your transactions are truly for risk reduction.
2. Exemptions: True "Hedgers" may sometimes access different margin rates or be exempt from certain retail-specific "Risk Acknowledgment" forms if they are managing a professional business risk.
3. Audit Trail: CMC Markets Canada is required to keep a clear record of how they determined you are a "Hedger." This includes saving your hedging strategy and periodically verifying that your trading matches that strategy.

market data

Why you keep getting unsubscribed

According to CMC's fine print, a data subscription only automatically renews if you have an active financial stake in that market: [1, 2, 3]

• Automatic Renewal: Occurs at midnight on the first day of each month ONLY IF you have an open position or a pending order (like a limit or stop order) for an instrument covered by that subscription.
• Automatic Unsubscription: If you have no open positions and no pending orders at the time of renewal, the system will automatically unsubscribe you

To keep your free US Share Basket or other data feeds active without manual intervention, you can use these workarounds:

1. Keep a Small "Zombie" Order: Place a "Limit Order" very far away from the current price (so it never gets hit) on any instrument within that subscription. Since a pending order exists, the system should auto-renew the data feed each month.
2. Hold a Position: If you are long-term investing in a Share Basket, the open position will keep the data live indefinitely. [1, 2, 3]

Key Terms to Remember

• Timing: Renewals happen at midnight on the first day of the month (local to the exchange).
• Location of Settings: You can always check your current status or manually re-activate under Settings > Market Data in the platform.
• "Free" Status: Many feeds are free for "Private Investors" but may require a minimum of 2 trades per month to stay free or get a rebate. If you don't trade at all, the platform may eventually classify the feed as "not needed" and turn it off. [1, 2, 3, 4]