Broker RoboForex hikes min margin rates to 5% for CFDs on US, German stocks

Broker RoboForex hikes min margin rates to 5% for CFDs on US, German stocks

- in All News, Forex Brokers
RoboForex

Online forex broker RoboForex intends to increase to 5% the minimum margin requirements for trading in contracts for difference (CFDs) on US and German stocks, the broker said on Thursday. Margin rates for CFDs on indices and oil will remain unchanged at 1%. The new margins will be effective as of 22 February, 2016. The broker warns all traders to take into consideration the new conditions when opening new orders close to the change date.

Recently, Saxo Bank Securities Co., the Japanese unit of Saxo Bank, a Danish bank specialized in providing online trading services, forex broking included, several times this month made changes to the minimum margins for a number of stock CFDs. It said it intends to review the margins on other stock CFDs in the near future.

The margin rate indicates the amount traders can virtually borrow from brokers. It allows ivestors to operate with higher amounts and to increase their profits. The higher the rate is, the greater the buying and selling power of a trader.

The RoboForex group provides trading in forex, metals and CFDs. The group consists of the holding company RoboForex Financial Group, and its units Cyprus-regulated RoboForex, Belize-regulated RoboTrade Ltd. and New Zealand-based RoboForex LP.

The broker is headquartered in Cyprus’ Limassol and has representative offices globally, including China’s Dalian which it opened earlier this week.

Souirce: RoboForex

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