Important notice for FX and CFD trading!
Point 1: Maximum leverage on FX trading is lowered to 50:1 from 100:1
Margin for FX trade on new order is lowered to 2% (leverage of 50:1) from 1% (leverage of 100:1), which is effective at 12am from 31st of July.
Point 2: Margin requirements are not reduced on stop orders and the orders with guaranteed stop for FX trading.
Due to a regulation amendment, Margin requirements are not reduced on stop orders and the orders with guaranteed stop.
Please refer to below schedule for upcoming changes details.
Point 3: We conduct a margin rate check for FX account at 12 pm on daily basis.
Due to a regulation amendment we conduct a margin rate check once a day and if your margin rate (Equity / Margin x 100) falls below 100% we will be required to close your positions (forced settlement) until the rate reaches 100%.
Besides our regular monitoring which could lead to forced settlement, we conduct a margin rate check at 12pm on daily basis from 2nd of August. If your margin rate (Equity / Margin requirement x 100) falls below 100% at that moment, we will cancel your working orders and close open positions (forced settlement) until the rate reaches 100%.
Point 4: Margin rate at which we implement forced settlement is reduced to 75% from 80%.
From 12am on 31st of July, we introduce the downward Margin rate at which we implement forced settlement. Following a regulation amendment, if your Margin rate (Equity/ Margin requirement x 100) falls below 75%, we will cancel your working orders and close open positions (Forces settlement), comparing 80% which is applied till above effective date.
Schedule for upcoming changes
10th July
Amendments of the 'Statement of Important Matters' and 'Customer Agreement'.
We no longer accept new orders with Guaranteed stop.
17th July
Margin for stop orders is no longer reduced.
24th July
Expiry date for existing positions with Guaranteed stop.
From 26th July
Existing positions with guaranteed stop are altered to stop orders.
Opening level is amended to reflect the reimbursement of Guaranteed stop premium.
31st July
Leverage is lowered to 50:1.
Downward Forced settlement rate (75%) is introduced.
2nd August
Start monitoring Margin rate once a day.
Financial