Admiral Markets has informed clients that it will be instituting changes in the terms for margin requirements on FX and contracts-for-difference (CFDs) trading accounts.
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Starting from 9 January 2017, the company will be providing new terms on its Admiral.Markets and Admiral.Prime accounts, under which the provided leverage will no longer depend on the account balance and will be determined only by a position’s notional value in an account’s currency. Additionally, positions opened within an hour before the trading session close on Fridays will be provided with a leverage of 1:50.
Among the benefits of the new terms, Admiral Markets lists increased accessibility of the most popular CFDs for clients with smaller deposits due to a leverage rate of 1:500 that will be available for DAX30, FTSE100, DJI30, NQ100, SP500, ASX200, GOLD, SILVER, WTI and BRENT.
The broker further explained that the terms will offer more trading opportunities for one of the major currency pairs – USD/CHF – and other currency pairs with the Swiss franc, which will no longer be an exception from general FX terms and will get the leverage up to 1:500.
Already open position will not be affected as the new terms will only be applied to new positions starting from the session opening on Monday, 9 January 2017. MT5 accounts will keep the flat leverage rate of 1:100 but Admiral Markets promises that improvements will come soon.