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After ESMA rules come into effect will tiers change?

Guest mav


1) Will tiers on indicies still exist.. eg, Dax 30 tier1, 0-100, tier2, 100-1000 and so on... and if so, will non guaranteed stops still reduce margin requirements? 


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Please note these changes only affect retail clients of EU firms (that are subject to ESMA regulation), and do not apply to professional clients.

Hi @mav Tiers are not changing right now but could change at any point in the future when we review product rates in the normal way. 

If you trade using guaranteed stops, position closure will now be triggered under slightly different terms from 1pm on Monday 30 July. When we calculate account equity today, we do not currently include running losses on positions with guaranteed stops. Under the new ESMA requirements, such positions will need to include running losses as part of the deposit ratio calculation. This means that your positions will be closed out when your cash, including all profit and loss, reaches 50% of your margin requirement.

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