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FXTM changes margin requirements for gold and silver


Leading EU broker FXTM informed its clients on Thursday that it will change its Margin Requirements for Spot Metals on all servers except Pro, as of August 10, 2016.  In fact, the margin requirements for these products are hiked significantly.


If previously clients of FXTM were able to utilize leverage up to 1:500 for trades in spot metals with nominal value of $2,5 million, after the new requirements apply, they would only be allowed to use leverage up to 1:50, since they would fall within the fourth category (of trades with notional value from $1 000 000 to $4 000 000).


Here are the new margin requirements applicable to spot metals, the previous ones being indicated in brackets:

 

Leverage Offered 

 

Floating Margin, %

 

0 - 400 000
(0 - 2 500 000)

 

1:500 0.2

400 000 - 700 000
(2 500 000 - 5 000 000)

 

1:200

 

0.5

700 000.00 - 1 000 000
(5 000 000 - 10 000 000)

 

1:100

 

1

1 000 000 - 4 000 000
(10 000 000 - 15 000 000)

 

1:50

 

2

More than 4 000 000
(More than 15 000 000)

 

1:25

 

4

 


 

According to the announcement on its website, FXTM the new requirements will be applied in case of any activity on the trading account (opened, closed or modified positions).


FXTM is famous for providing high leverage levels – up to 1:1000 for currency pairs on most account types. The new margin requirements to spot metals, however, do not apply to Pro accounts, as the maximum leverage there is capped to 1:200.


ForexTime (FXTM) is a global and award-winning broker with clients from over 180 countries. It offers a wide array of almost everything: tradable products, trading accounts & platforms, payment methods, execution types, etc.


FXTM is regulated by the Cyprus Commodities and Exchange Commission (CySEC) and has established itself as a globally trusted forex broker in the Asian, Middle Eastern and European markets. Earlier this week it announced it has acquired a forex license from South Africa’s FSB.

 

TAGS: fxtm  gold  silver  leverage  margin 

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