Risk warning: Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no ownership of the underlying asset. Pepperstone Financial Services (DIFC) Limited is regulated by the DFSA. Arranging for Pepperstone Group Limited, AFSL 414530, the product issuer.

Netting off positions (Webtrader)

When you have a hedged trade (you have positions for both buying and selling the same instrument), you can close a position by netting it off against an opposing position. This fully closes both positions.

The Pepperstone app and Webtrader are synchronised, so a trade fully closed in Webtrader will automatically be fully closed in the app, and vice versa.

Note: In this procedure, the word ‘click’ refers to either a click or a tap.

1. Click Positions on the main menu bar. The Positions panel appears:

2. Either

a. click arrows icon at the far right of a position you want to close by netting off or

b. right-click (or press and hold) on a position you want to close by netting off and select Close by Position from the menu that appears.

The Close By window appears:

3. In the Position ID column, click on a position to see what impact netting off that position will have on your margin. (The impact is displayed below Margin Impact when you select a position.)

4. When you have chosen a position to net off, click on it (if it is not already highlighted) and then click Close by.

Both positions—the one SELL and the other BUY—are fully closed.