Stop Out

Also called: stop out level, liquidation

The margin level at which the broker forcibly closes losing positions to prevent further losses.

Stop-out is the last line of defence against an account going negative. Typical levels: 20% (offshore, high leverage) to 50% (Tier-1 regulated). Closes start with the worst-performing trade.

Negative balance protection ensures stop-out can’t leave you owing money beyond your deposit.