Do not invest more money than you can afford to lose.
IG Securities Limited, the Japanese subsidiary of IG Group Holdings (LON:IGG), announced it is changing the margin requirements for certain CFDs on the stock indices China 300 (CSI300) and South Africa 40 for institutional accounts.
The new margin requirement for Chinese index 300 is cut in half – from 10% to 5%, while that for the South African index is doubled – from 0.75% to 1.5%.
The changes will come into effect on April 9, 2016.
IG explains the pending margin changes with the recent dynamics of the market environment and urged the traders to have them in mind regarding their open positions. The broker reserves the right to change the scheduled date.
The CSI300 index is a capitalization-weighted stock market index designed to replicate the performance of 300 stocks traded in the Shanghai and Shenzhen stock exchanges. It includes the stocks of 300 Chinese companies in the financial, industrial, raw materials, energy, utilities, consumer goods, IT, telecommunications and health sectors.
The South African FTSE/JSE Top 40 index represents the performance of the largest 40 South African companies in banking, mining, consumer goods, retail, health care, financial services, media and telecommunications, ranked by full market value in the FTSE/JSE All-Share Index. It was launched in 2002.
IG Securities Limited is a subsidiary of the IG Group Holdings, UK’s largest forex broker in terms of market capitalization.
London-based IG Group was set up in 1974 as a spread betting provider, the first UK-based one at the time. Since then it has expanded to also offer trading in contracts for difference (CFDs), forex, binaries, and stocks.
It has more than 136,000 clients that are served from offices in 17 countries across the EU, the US, Asia, and Africa. The group operated under the IG brand worldwide, and as the Nadex derivatives exchange in the US, after in 2012 it merged the brands IG Index and IG Markets into a single one – IG.
IG Group’s lead regulator is the UK’s Financial Conduct Authority (FCA), but its subsidiaries are also regulated by the relevant authorities in the countries where they operate.
