The margin requirements for Short Sterling make no sense

[Nicey]

I used to trade the Short Sterling IG market years ago and the margin requirements were 10% of what they are today. They seem totally out of sync with volatility, the market and don't change even with a guaranteed stop.

At £1 a pip, almost £2,000 margin is required! I know negative interest rates can and have happened but that is a bit of a stretch if I'm going short.

Is this an error or am I missing something? 

Thanks

[truckman]

On 26/04/2021 at 17:29, Nicey said:

I used to trade the Short Sterling IG market years ago and the margin requirements were 10% of what they are today. They seem totally out of sync with volatility, the market and don't change even with a guaranteed stop.

At £1 a pip, almost £2,000 margin is required! I know negative interest rates can and have happened but that is a bit of a stretch if I'm going short.

Is this an error or am I missing something? 

Thanks

I have the same issue, I was trading on a demo account this afternoon and it was 8 points minimum guaranteed stop on GBP USD, this evening it jumped to 140 points for exactly the same deal, why is this? Its unworkable on the Demo account and it will be the same on a real account, what is going on and how has this changes?