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Changes to margin requirements of open positions


pavlobee

Question

It appears that i've had a margin requirement change from 10% to 25% on open positions (of CO2 - Carbon Emissions commodity), with no notification let alone notice and  I can't find any details of the margin in the transaction history. The only reason I believe this to be true is I never had enough equity to buy at the prices my positions were opened at. As the trade went against me I couldn't figure out why I was so underwater, can anyone from IG confirm these changes and explain why if true, there was no notice of the changes.

Edited by pavlobee
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Hi @pavlobee

There was a change on carbon emissions margin from 10 - 25% for new positions only. This would not have affected open positions hence no communications were sent. However at 09:00 the price did drop as low as 6099. Your positions were closed at 6108 due to breach of 50% margin rule. 

All the best, 

Anda

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2 minutes ago, pavlobee said:

It appears that i've had a margin requirement change from 10% to 25% on open positions, with no notification let alone notice and  I can't find any details of the margin in the transaction history. The only reason I believe this to be true is I never had enough equity to buy at the prices my positions were opened at. As the trade went against me I couldn't figure out why I was so underwater, can anyone from IG confirm these changes and explain why if true, there was no notice of the changes.

Hi @pavlobee

The communication team sent out an email to clients that had open positions on relevant affected stocks. 

We have shared the list of affected stocks on the community 

Please be aware that Margin changes will occur on FX as well :


I hope this helps.

All the best - MongiIG

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2 hours ago, AndaIG said:

Hi @pavlobee

There was a change on carbon emissions margin from 10 - 25% for new positions only. This would not have affected open positions hence no communications were sent. However at 09:00 the price did drop as low as 6099. Your positions were closed at 6108 due to breach of 50% margin rule. 

All the best, 

Anda

Thanks for the explanation now it makes sense, I wasn't sure if the margin had changed or not and there is no way of checking changes to the margin requirements.

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