Margin trading products are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading on margin with this provider. You should consider whether you understand how margin trading works and whether you can afford to take the high risk of losing your money.

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.