Brokers News

XM lowers margin requirements for Swiss franc

 XM, a European forex broker regulated by UK's FCA and the Cyprus Securities and Exchange Commission (CySEC), said it is lowering the margin requirements for trading in Swiss francs.

 

As of Monday, March 20, the additional margin requirements for CHF pairs requirement will be 2 times the margin set as per account leverage. Previously the additional margin requirement for deals with Swiss francs was four times the default account leverage. It was reflecting the Swiss franc black swan event that followed the SNB's decision to unpeg the currency from the Euro. The following extreme market volatility led to serious financial troubles for traders and brokers alike.

 

The new Swiss frank margin requirements of XM will apply for both new and existing positions.

 

XM, formerly known as XEMarkets, is a trading brand of Trading Point Holdings. It is based in Cyprus and is regulated by the CySEC, FCA and the Australian Securities and Investments Commission (ASIC). It is also registered with Germany’s BaFin and is compliant with with the Markets in Financial Instruments Directive (MiFID) of the European Union. It is also awaiting licensing from the Financial Services Board (FSB) of South Africa.

 

In addition to Cyprus XM also has offices in Hungary and Greece. It is mostly active in some EU countries, Russia and some of the Asia-Pacific countries. 

 

XM offers trading in forex and CFDs on indices, commodities, energies and precious metals and a leverage of up to 1:888. The trading platform is MT4.

 

TAGS: xm  margin  requirements  swiss franc 

More news about XM

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
Cyprus CySec MT4,
proprietary
web-based
$100 Review Website
UK, Cyprus FCA, CySEC MT4, MT5,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website
Belize IFSC MT4, MT5 $100 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website
Seychelles FinaCom MT4 $10 Review Website
Belize IFSC MT4, Web $500 Review Website
New Zealand FMA MT4 $1000 Review Website

More Forex Brokers News

Windsor Brokers adds Polish zloty as base account currency

Mar 29 2017 10:18:58

Windsor Brokers, a Cyprus-regulated forex and CFD broker, said it has added the Polish zloty as a base currency for the new MetaTrader 4 (MT4) trading accounts.   Poland is one of the main markets for Windsor Brokers, which offers is website and customer support in Polish. Read more

Grand Capital hikes margin requirements for Russian stock CFDs

Mar 28 2017 13:14:50

 Forex and binary options broker Grand Capital  announced it is raising the margin requirements for Russian stock CFDs. The reason for the hike from 10% to 30%, is a change in the trading conditions of the liquidity providers. The change applies to all open positions. Read more

IG’s revenue in Q3 ahead in all regions except the UK

Mar 23 2017 09:20:36

Leading spread betting and CFD provider IG Group (LON:IGG) announced key financial data for the quarter of FY 2017 that ended on February 28th. The company’s total revenue in Q3 was 3.8% down compared to the strongest quarter of the prior year, coming in at £117.4 million. Read more

Forex

Grand Capital adds MayBank as payment option for Malaysian clients

Mar 21 2017 13:29:09

 Forex and binary options broker Grand Capital  announced it has added the MayBank payment option for its clients in Malaysia.   MayBank is one of the largest banks in Malaysia and the new option allows clients make deposits and withdrawals in Malaysian Ringgits. Read more

FXCM reports 21.6% annual rise in trading revenue for Q4 2016

Mar 20 2017 13:01:34

FXCM, or rather Global Brokerage, Inc. (NASDAQ:GLBR) as the company is known after the February folding up of its US operations, reported that its trading revenue from continuing operations in the quarter that ended on December 31, 2016, amounted to $79.5 million. This is nearly 21. Read more

Saxo Bank reports positive net profit of $43.6 mln

Mar 17 2017 12:16:41

 Saxo Bank, a major global banking and brokerage services provider released its annual report for 2016, which showed a positive net profit of DKK 302 million ($43.6 million) for the year. In 2015 the company had reported a net loss of DKK 645. Read more

FXTM adds Baidu Pay as payments option

Mar 16 2017 10:58:19

 Global forex broker FXTM announced it has added the popular Chinese payment service Baidu Pay as a payment option.   Baidu Pay is available to FXTM's clients from China, Taiwan, Singapore and Hong Kong. Read more

FXCM Group reports declining February metrics

Mar 15 2017 09:00:35

FXCM Group, which now contains all FXCM subsidiaries, except the US, has reported a decline in its February retail and institutional customer trading metrics.    According to the document, the customer trading volume in February amounted to $201 billion. Read more

GetStocks.com acquires Invest.com

Mar 13 2017 15:17:54

In a notice to its clients Topic Markets Ltd. announced that its forex broker brand and site Invest.com has been sold to GS Sharestocks Ltd. All client accounts will be transferred to the new owner on 19 March, 2017. Read more

Gain Capital reports 3-digit income rise for 2016, hints at further expansion

Mar 10 2017 10:15:25

Gain Capital, owner of the forex retail brand Forex.com and the largest forex broker on the US market, reported a 243% rise of its net income for 2016, to $35.3 million. The operating profit of Gain Capital in 2016 also rose significantly – by 228% from 2015, to $57.7 million. Read more

Forex