Introduction

At EQONEX, we offer Retail users the option to create Sub Accounts, which allows you to split your positions and/or assets across your Main- and/or Sub Accounts. You can have a maximum of 6 Sub Accounts open at any one time in addition to your Main Account, which continues to be available for trading

You can use Sub Accounts to put specific assets into an account and trade that account as a segregated bucket of risk relative to the rest of your asset base. For example, this is useful when you want to use Isolated Margin, but you could also use it if you wanted to keep your long-term Bitcoin holdings separate from your active trading account.

Funds

You can only move funds into a Sub Account by making a deposit from your EQONEX Main Account or any other Sub Accounts. It is not possible to deposit directly into a Sub Account from an EQONEX wallet that does not belong to your account or from any external wallet. By design, external deposits can only be made into your Main Account.

Similarly, you can only move funds out of a Sub Account by moving them into your Main Account or another Sub Account. It is not possible to make a withdrawal from your Sub Account to a wallet that does not belong to your account or any external wallet address. To withdraw funds from the platform, transfer them into your Main Account first.

Transfers between your Main and Sub Accounts happen near instantly.

Liquidations

When you get liquidated in a Sub Account, you may only ever lose the funds in that specific Sub Account. Similarly, when you get liquidated in your Main Account, you may only ever lose the funds in your Main Account. For more information on using Sub Accounts for Isolated Margin, see here.

Fee Tier

Your Fee Tier is based on all trading activity in your Main and Sub Account(s) combined.

Creating a Sub Account

Step 1: Select your Main Account on the top-left corner of the trading screen by clicking on your account name, then select > Manage.

Step 2: Click on Add Sub Account in the Accounts tab.

After confirmation, the new account with will be reflected on your Account Management page.

Managing and removing a Sub Account

To edit or remove an existing Sub Account, click on the Edit button next to the Sub Account’s name by clicking on the three dots > Edit

You can change the status of your Sub Account from active to inactive or vice versa. There are toggles to turn on Cross Collateral and Negative Balance. You can also change the name of your Sub Account without any further implications. If you want to remove the Sub Account altogether, a Remove option is available below the Sub Account Name box.


Transferring funds between Main Account and Sub Account(s)

On the Account Management page, go to the Transfer tab.

You may fill in all required information, including sender account, currency, amount to be transferred, and recipient account. Now click on Make a Transfer.

Transfer History table is available at the end of this page.


Please contact our Customer Support team via help@eqonex.com or click on the chat widget at the bottom right-hand side of the EQONEX page for further assistance or more information.

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