Account value shield
The account value shield functions as a stop loss for your entire account, allowing you to protect your capital by setting a predefined stop-out level. If this level is reached, all open positions will be closed, and all orders will be canceled to prevent further losses.
For instance, if your account value is currently 10,000 SGD and you set the account value shield at 5,000 SGD, all positions and orders will be closed if your account value falls below 5,000 SGD, helping to avoid additional losses.
How to set up an account value shield
SaxoTrader web
To set up an account value shield, go to Trading > In the bottom under the Positions module, see Account value shield > Click Off
You can now determine at what account value level you wish to have an account value shield. Note that an account value shield has to be under your current account value. Click Submit to set up
SaxoTrader mobile app
Go to Trading > Summary > Locate Account value shield and Click Off > Determine at what account value level you wish to have an account value shield > Click Submit to set up
Fund withdrawals with account value shield enabled
Please be aware that we will adjust the amount of cash you can withdraw so that removing funds does not trigger the shield. Inter-account transfers (movements of cash between subaccounts) will also be limited. If you wish to increase the amount you can withdraw, you will need to disable or change the shield value first.