Is there an additional margin charge for using protection on Punch?

When you apply Protection to an open position on Punch, the stop-loss and target orders are placed without blocking any additional funds from your account.

How Is This Possible?

Protection works as a linked pair of exit orders on your existing position. Since you already hold the position and the margin for it is already blocked, the stop-loss and target simply define the conditions under which that position will be closed. There is no separate margin requirement for these exit orders.

What This Means for You

• You can freely add a stop-loss, a target, or both to any open position.

• Your available margin remains unaffected.

• You do not need to keep extra funds aside just to use Protection.

This makes it easy to manage risk on every trade without worrying about margin shortfalls.