RE: Re Divi26 Apr 2018 12:03
@ Ben1997 This is the email I've received from IG
New minimum margin rates for retail traders
As you may remember, the European Securities and Markets Authority (ESMA) recently announced some proposals on leveraged trading. These included limits on the amount of leverage that providers could offer to retail traders, along with a 50% margin close-out rule on a position-by-position basis.
While ESMA has since adapted its stance on close-out rules, the leverage limits are expected to come into force in early July.
How will my trading be affected?
We expect that the increase in margin requirements resulting from ESMA�s rules will apply to new positions from early July 2018. Please see the table below for details of the changes. Any existing positions you hold now, or at the time of the increase, will not be affected. We will notify you again once we know the exact implementation date.
Asset class Current minimum margin rate Minimum margin rates from early July
Major FX � currency pairs containing any two of the following: USD, EUR, JPY, GBP, CAD, CHF 0.5% 3.33%
Minor FX � all other currency pairs 1% 5%
Major indices � FTSE 100, France 40, Germany 30, EU Stocks 50, Wall Street, US 500, US Tech 100, Japan 225, Australia 200 0.5% 5%
Minor indices � all other indices 1% 10%
Gold 0.7% 5%
Commodities 1.5% 10%
Shares 7.5% 20%
Cryptocurrencies 35% 50%
Other markets 0.25% 20%
Important information about professional clients
Please note these changes only affect retail clients of EU firms (that are subject to ESMA regulation), and do not apply to professional clients.
If you think you may be eligible and would like to apply to be categorised as a professional client, please contact us on the details below.