for cryptocurrencies. Introduction of a margin close-out, when the clients’ funds fall to 50% of the margin needed to maintain their open positions on their CFD account. The Company performs a margin close out rule on a per account basis. Specifically, once the margin level reaches 50% of minimum required margin, the company shall close out one or more retail client’s open CFDs. Introduction of a negative balance protection per account basis, so that retail clients cannot lose more than the total funds in their trading account. Prohibition from offering cash or other inducements to encourage retail clients to trade; and, Requirement to provide standardised risk warnings informing potential customers the percentage of their retail client accounts. Type of Underlying Instrument Margin Requirements Leverage Limit Major Currency Pairs 3,33% 30:1 Non-major Currency pairs, gold and major indices 5% 20:1 Commodities other than gold and non- major equity index 10% 10:1 For individual equities and other reference values 20% 5:1 Crypto assets 50% 2:1
Appears in 3 contracts
Sources: CFDS Client Agreement, CFDS Client Agreement, CFDS Client Agreement