What Are Initial Margin Call and Final Margin Call in Crypto Futures?

An Initial Margin Call triggers when your Margin Level passes 50%, warning you to add margin or close positions while you still have full flexibility. A Final Margin Call triggers when your Margin Level passes 75%, at which point you can only close positions or open new ones that reduce your existing exposure — any order that would worsen your position is rejected outright. Margin Level on Pluang is a rising scale from 0% toward 100% and beyond, where a higher number means your position is closer to liquidation, not further from it.

• Initial Margin Call (above 50%) — top up your margin or close some open positions to reduce risk; you can still trade freely at this stage.
• Final Margin Call (above 75%) — you can only close some or all of your open positions, or open ones that reduce exposure.
• What "reducing" means at the Final stage — new positions are only allowed if they reduce your existing exposure; worsening orders are automatically rejected.
• The path after 75% — if Margin Level keeps climbing without action, liquidation follows as it approaches roughly 100%.
• Acting early matters — resolve the Initial Margin Call promptly for far more flexibility than waiting until the Final stage.

Related questions:

Q: At what Margin Level do I get the Initial Margin Call?
You receive the Initial Margin Call once your Margin Level passes 50%; you can still trade normally, including opening new positions, at this stage.

Q: What can I still do once I hit the Final Margin Call?
You can only close some or all of your open positions, or open a new position that reduces your existing exposure — even if you expect the market to turn.

Q: Will Pluang reject an order that worsens my position during a Final Margin Call?
Yes. Any new order that would increase or worsen your open position's exposure is automatically rejected, regardless of order type, including limit orders far from market price.

Q: What's the best way to avoid reaching the Final Margin Call?
Add margin or reduce your position as soon as you receive the Initial Margin Call, since options narrow sharply past 75% and only defensive moves remain after that.

Q: What happens if my Margin Level keeps rising after the Final Margin Call?
Liquidation follows as your Margin Level continues climbing toward roughly 100% — the Final Margin Call is the last checkpoint before automatic closure, after which the outcome is out of your hands.