'Margin allowance exceeded' Error when opening a margin position

If you try to open a position with margin that exceeds your borrow limits, you will see a "Margin allowance exceeded" error.

Solutions:

(1) Increase your verification level so you can unlock higher borrow limits.

(2) Trade a different margin pair. Borrow limits are independent for each currency. For example, instead using USD to go long on Bitcoin, you can use EUR instead.