The retail foreign exchange broker regulated by the Financial Conduct Authority (FCA), Admiral Markets, reported some significant adjustments to its current trading conditions. On March 28th, Admiral Markets and Admiral Prime account users will benefit from reduced margin requirements, spreads, contract sizes and much higher leverage.
In the case of CHF currency pairs, commodity market assets and the most popular stock indices (e.g. DAX, DJI30), the highest leverage on each type of trading account will increase to 1:200. As a result, investors will be able to use 7 different levels of leverage (depending on the instrument).
In terms of reducing the contracts’ size, developments concern HSI50, JP220, NQ100 and SP500. The current size of the contracts will be reduced by at least ten times. In the case of S&P00, Admiral Markets announced a reduction from 25 index level to 1 index level.
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Spread cuts – another change in the current offering – also relates primarily to CFDs on indices and commodity markets assets. For example, FTSE100, SP500, WTI and brent spread will be reduced up to 30%.
In order to implement all of the aforementioned changes, Admiral Markets also announced some liquidity pool changes. We are talking here about swaps reduction and trading hours updates for affected instruments.
This modification of trading conditions is an another step to making the brokerage’s offering more client-friendly. In January Finance Magnates reported that Admiral Markets had joined the ranks of companies providing the MT4 Web Trader to its customers.