IG Product Updates

Hi there Anda,

I wanted to put this in a text message but im not allowed by the platform to send messages to your account.  Ive also found the following link describing some margin increases :

 

 

Margin requirements are different from country to country . Therefore in the following example, what was the margin requirement before ? 

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Changes to margin this weekend 

We will be increasing a range of minimum  margin rates on new positions only going into the weekend, as per the below. No impact for retails traders or markets where minimums are already higher and no changes to any existing positions.

• Indices to 5% at 16:00 GMT
• FX/Gold to 3% at 16:00 GMT
• Oil (energies) to 15% at 16:00 GMT

We will revert to lower margins rates on Sunday with minimum rates of 1% Indices/FX and 5% Oil. Once again these changes will be dependent on market conditions over the weekend. """
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-Was it increased from 0.50% to 1% and then to 5% indices& 3% fx ?

-Does that mean that the increase was 10x more ? ( 0.50x 10 =5 % ) ?

Or was the increasing from current 3.33% to 5% ? and then lowered to 1% indices/FX and 5% oil ? 

Was it a general rule for every single country ? Or was it a difference for example between europe/us/switzerland etc ? 

I try to assess the risk management required to cover also such decisions with low probability to happen but high impact scenario.

Thank you !