What is a stop-out level, and how do you find yours?

Below the margin-call warning sits the stop-out level, where the broker starts closing your positions automatically — usually the worst-positioned one first. The level is set by the broker and listed in the contract specifications.

Find yours and share:

• your broker's stop-out level (often 50% or 20%)
• whether you'd ever hit it, and what closed first
• how you keep margin level comfortably above it

The margin guide explains the sequence warning → stop-out.