I had applied for the integrated margin financing service at Kiwoom Securities.
This is a very convenient(?) service that considers foreign currencies and Korean won as integrated margin financing based on the day's payment standard, allowing you to sell overseas and immediately purchase domestic securities.
I guess your rip account is ready. You said you were going to tidy up US stocks and buy Samsung Electronics anytime.
I sold some US stocks and bought Hanix, but three days later, when I woke up in the morning, there was a margin call warning on the Kiwoom app!
What is this? It said that 4 million won was insufficient??
A pop-up warning appeared saying to deposit 4 million won by today, so I broke out in a cold sweat wondering if I had to open a margin account right away. Why is there a margin call? Didn't they say that the integrated margin financing service automatically converts currencies?
All sorts of thoughts came flooding in, and after about an hour of being lost, it turned out that the program warning appeared before the automatic conversion on D+2. In conclusion, nothing happened~ I was scared.
I was scared because no one told me... I've never had a margin call in my life.
