Skip to main content

Adjusting Isolated Margin on a Position

A guide to adding or reducing isolated margin on an open position.

Key Takeaways

  • Margin can be adjusted on isolated positions only. Margin on cross positions is not adjustable.

  • A market must be set to isolated margin before a position is opened; margin mode cannot be changed while a position or open order exists.

  • Adding margin moves the liquidation price further from the current price; reducing margin moves the liquidation price closer.


Overview

Isolated positions are backed by a fixed amount of assigned collateral. That amount can be adjusted at any time while the position is open.

Margin adjustment applies to isolated positions only. Cross positions are not individually adjustable as they draw on the full portfolio balance rather than an isolated, protected amount. Collateral for cross positions is managed at account level through deposits, withdrawals, and reducing/closing positions.


Switching to Isolated Margin

Margin is only adjustable on a position set to isolated. The margin mode toggle is located at the top of the order entry panel, beside the leverage selector, and defaults to Cross.

  1. Select a market.

  2. Set the margin mode toggle from Cross to Isolated.

Margin mode cannot be changed while an open position or open order exists in the market. If the toggle is unavailable, close any open position and cancel any open orders in that market first.

Setting a market to isolated has no effect on positions in any other market.


Adjusting Isolated Margin

Once a position is open, its assigned margin can be adjusted from the Positions tab.

  1. Open the Positions tab.

  2. In the Margin column, click the pencil icon to open the Adjust Margin window.

The Adjust Margin window displays the current margin assigned to the position and the amount available to add or reduce.


Adding Margin

Select Add Margin, enter an amount up to the Available to Add figure and confirm.

The collateral is drawn from your cross margin balance. Review MM Usage in the portfolio panel before adding a material amount, particularly if the cross book is already close to its MM Usage threshold.


Reducing Margin

Select Reduce Margin, enter an amount up to the Available to Reduce figure and confirm.

Reducing collateral returns it to your cross margin balance, where it again supports your cross positions.

The ‘Available to Reduce’ figure may be lower than the position's current margin because two components cannot be withdrawn: the position's unrealized PnL, and the collateral held against its Maintenance Margin requirement. Only the collateral in excess of these can be returned to the cross balance.


What Happens When You Adjust Margin

Adjusting margin changes a position's risk without changing its market exposure. Position size, entry price, and exposure remain unaffected; only the assigned collateral, and with it the liquidation price.

This supports two uses: Adding margin defends a position under pressure by moving its liquidation price further away without increasing position size. Reducing margin frees up collateral that a position no longer requires back to the cross balance, where it can support other open positions.

For related detail, see [What is Isolated Margin?].


Frequently Asked Questions

How do I set a market to isolated margin?

Use the margin mode toggle at the top of the order entry panel, beside the leverage selector, before opening the position. The mode cannot be changed while a position or open order exists in that market.

Why can I not adjust margin on my position?

Margin adjustment applies to isolated positions only. A C in the Margin column indicates a cross position, which is backed by the full account balance and managed at account level.

Why is the amount available to reduce lower than my assigned margin?

The position's unrealised PnL and its Maintenance Margin requirement cannot be withdrawn. Only collateral above these amounts is available to reduce.

Does adjusting margin change my position size?

No. Only the assigned collateral changes. Position size and entry price are unaffected.

Did this answer your question?