ESMA increased margin - new and/or old positions?

[syntek]

Will the margin on existing CFD positions (FTSE 100/250 stocks) increase on 28th of July or is it just for new positions?

[JamesIG]

Hey - so we sent the below email to all retail clients recently. As @247trader  noted this will only be on new positions which are opened after 1st August. Also please note that this doesn't take into account Professional clients. I have included a couple of links you may find useful...

• Professional trading
• Compare our offering

 

Extract from email sent 5th June 2018

[247trader]

I'm pretty sure that it is purely on new positions, which makes sense. They can't force people to add a whole load new margin onto existing positions, especially if they're in a loss, because that could force a closure of position.  I don't have a source... but think there was an email about it a while ago. 

[syntek]

Thanks both that's great

[Guest Tim34]

How about futures positions that roll-over?

Say I want to hold a Forex position for a year. Currently I might hold futures trades, which will last a few months, then at expiry the software automatically closes them and opens a new futures position to extend the trade. If the software does this after 1st August will the new positions have the new margins, or the old ones?

Edited June 25, 2018 by Tim34

[Guest PandaFace]

...so opening a new position @Tim34? Answered your own question surely? The fact it does it automatically rather than manually shouldn’t mean anything...

[Guest Tim34]

Yes, I thought that it would be highly likely that this would be the case. I was hoping that rollover might be immune as they could be classed as an extension to the original trade, rather than a new one.

[Kodiak]

On 6/15/2018 at 8:52 PM, 247trader said:

I'm pretty sure that it is purely on new positions, which makes sense. They can't force people to add a whole load new margin onto existing positions, especially if they're in a loss, because that could force a closure of position.  I don't have a source... but think there was an email about it a while ago. 

I saw this on FF, is this something that can differ from broker to broker? 

"The abovementioned restrictions will apply to all positions of the AAAFx Retail Clients, existing and new, as of 29 July 2018."

 

https://www.forexfactory.com/showthread.php?t=792441

 

 

[247trader]

Haven’t IG specifically said NEW positions tho? 

[Kodiak]

On 7/13/2018 at 10:32 PM, Kodiak said:

I saw this on FF, is this something that can differ from broker to broker? 

"The abovementioned restrictions will apply to all positions of the AAAFx Retail Clients, existing and new, as of 29 July 2018."

 

https://www.forexfactory.com/showthread.php?t=792441

 

 

Maybe some brokers/providers cant handle different settings for both old and new positions at the same time so they choose to treat old and new the same?

[Guest anyone]

1 hour ago, Kodiak said:

Maybe some brokers/providers cant handle different settings for both old and new positions at the same time so they choose to treat old and new the same?

ahhh that well known place aaafx 

well known greek outfit ? 

Yeh possibly wouldn't worry about them