Forced liquidation is triggered when the maintenance margin ratio of a contract position falls to 100% or below. This means the account equity is equal to or less than the required maintenance margin plus any applicable liquidation fees. Forced liquidation is not always executed on the entire position immediately — the system will first attempt partial liquidation before proceeding to full liquidation if necessary.

Under the cross margin mode, when the latest transaction price moves against the user’s position and the maintenance margin ratio falls to 100% or below, the system will trigger partial liquidation, and if required, full liquidation.

Under the isolated margin mode, when the latest transaction price moves against the user’s isolated position and the maintenance margin ratio falls to 100% or below, the system will trigger partial liquidation, and if required, full liquidation.

When the position is at Tier 1 and the maintenance margin ratio falls to 100% or below, the liquidation engine will take over and the user’s position will be forcibly liquidated.