What are the requirements to apply for a margin account?

Q: What are the requirements to apply for a margin account?

Free Margin Trading/ Murabaha 1. Application Conditions: Verify the normal status of the customer's fund account. If a customer ID is provided, confirm whether all fund accounts under the customer ID are in a normal state. (If the status is abnormal, return a rejection message.) Check if the customer has any liabilities. (Verify if the liability amount is greater than or equal to 0; if yes, return a rejection message.) 2. Credit Limit Restrictions: Any frozen funds or outstanding funds unfilled buy orders for the customer cannot be considered for evaluating the credit limit. 3. Cancellation Conditions Verify the status of the customer's fund account. If a customer ID is provided, confirm whether all fund accounts under the customer ID are in a normal status. (If the status is abnormal, return a rejection message.) Check if the customer has any liabilities. (Verify if the liability amount is greater than or equal to 0; if yes, return a rejection message.) Assess whether the customer's pending orders or withdrawal orders could impact future liability situations (i.e., if the customer's cash asset balance is greater than or equal to 0; if not, the interface will return a rejection message).

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Free Margin Trading/ Murabaha

1. Application Conditions:

Verify the normal status of the customer's fund account. If a customer ID is provided, confirm whether all fund accounts under the customer ID are in a normal state. (If the status is abnormal, return a rejection message.)
Check if the customer has any liabilities. (Verify if the liability amount is greater than or equal to 0; if yes, return a rejection message.)

2. Credit Limit Restrictions:

Any frozen funds or outstanding funds unfilled buy orders for the customer cannot be considered for evaluating the credit limit.

3. Cancellation Conditions

Verify the status of the customer's fund account.

If a customer ID is provided, confirm whether all fund accounts under the customer ID are in a normal status. (If the status is abnormal, return a rejection message.)

Check if the customer has any liabilities.

(Verify if the liability amount is greater than or equal to 0; if yes, return a rejection message.)

Assess whether the customer's pending orders or withdrawal orders could impact future liability situations

(i.e., if the customer's cash asset balance is greater than or equal to 0; if not, the interface will return a rejection message).