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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 

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