At 3pm (UK time) on Friday 9 February, our margin rates for existing positions

[Tudor2]

blatant squeezer of clients accounts yet again

[JamesIG]

Hi - We regularly review our margin rates to ensure they accurately reflect current levels of market volatility and liquidity, as well as a number of other factors that can influence risk. Given the recent market movements it was decided that we should increase margin to properly reflect the underlying indices. I have included the email below for other community members. 

At 3pm (UK time) on Friday 9 February, our margin rates for existing positions on the following major indices will change to 1%. They'll remain at this level for the weekend, and we'll review the situation on Monday. Full details:

 

Market	Current Margin Rate	New Margin Rate
Australia 200	0.5%	1%
EU Stocks 50	0.75%	1%
France 40	0.5%	1%
FTSE 100	0.5%	1%
Germany 30	0.5%	1%
Japan 225 (USD)	0.75%	1%
Japan 225 (YEN)	0.75%	1%
Singapore Blue Chip	0.75%	1%
Switzerland Blue Chip	0.75%	1%
US 500	0.5%	1%
US Russell 2000	0.5%	1%
US Tech 100	0.5%	1%
Wall Street	0.5%	1%

 

If you have any open positions in affected markets at 3pm (UK time) on Friday 9 February, the margin required to keep those positions open will rise. You’ll need to have enough money in your account to cover the increase and prevent your positions from being closed out. 

Please note that margin requirements for working orders will also be subject to the new margin rates. Any new positions that you open will already be subject to these changes. 

Changes to margin rates are the same for daily funded bets and futures bets, and for cash and futures CFDs. For full details of how we calculate our margins, please see our website.

 

If anyone has any questions regarding this, please ask below, but remember that I wouldn't be able to assist on the specifics of an account as this is a public forum.