If the value of your collateral falls below the maintenance margin requirement, your position may be subject to liquidation. When you enter a position, based on the several factors including the amount of leverage used, CrossTower will provide you with the price in which the position would be liquidated.
When a liquidation event is triggered, the platform will attempt to close out your position in the order book. If there is any remaining collateral after losses, funding payments, and fees are removed, it will be returned to your account.
Additional fees are also usually charged for the liquidation event, on top of normal trading fees incurred.