FxPro doubles margin requirements for spot energies

FxPro doubles margin requirements for spot energies

- in All News, Forex Brokers
FxPro office 4

FxPro doubled as of Tuesday the margin rates for spot energy tradable instruments to up to 1% per lot. The change is into effect from 1000 GMT+3h and applies for both new and existing positions.

The broker said swaps will also be affected, but it provided no additional information.

FxPro's new trading conditions for spot metals
FxPro’s new trading conditions for spot metals
FxPro offers dynamic margins for spot metals
FxPro offers dynamic margins for spot metals

FxPro’s portfolio includes three types of Energy financial instruments – Brent and WTI oil, and natural gas. On its website, the broker says margins for such instruments are dependent on the order size and range between 1% and 5%. This means that leverage for spot energies FxPro offers varies from 20:1 to 100:1, which is relatively low and minimizes risks. The broker uses dynamic leverage as a type of risk management tool.

Margin rates indicate the minimum amount clients need to have in their account balances when using leverage, a type of virtual borrowing traders can take from their broker.

Leverage allows investors to operate with higher amounts and to increase their profit, since they provide them with higher buying power, but it also presents higher risk.

FxPro is the colellective brand name of companies registered and regulated in Cyprus and the UK by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA), respectively. It offers complete services for all segments of the retail forex market, as well as trading with futures, indices, metals, shares, and contracts for difference (CFDs).

The broker offers trading via the FxPro SuperTrader trading platform, the desktop and mobile versions of the MetaTrader 4 (MT4) MetaTrader 5 (MT5), and cTrader, as well as the web-based versions of MT4 and cTrader.

Source: FxPro

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