Admiral Markets, a European-regulated forex broker, announced it is changing its margin and leverage conditions for Admiral.Markets (on AM-Live1 and AM-Live2 trading servers.) and Admiral.Prime accounts, starting from January 9, 2017.
Under them, the provided leverage will no longer depend on account’s balance and will be determined only by position’s notional value in account’s currency. Additionally, positions opened within an hour before the trading session close on Fridays will be provided with the leverage of 1:50.
Another significant change Admiral Markets introduces is the raising of the max leverage to 1:500 for clients with smaller deposits on major CFDs: [DAX30], [FTSE100], [DJI30], [NQ100], [SP500], [ASX200], GOLD, SILVER, WTI and BRENT. This move strikes as somewhat illogical, considering that Admiral Markets is a forex and CFD broker regulated by UK’s Financial Conduct Authority (FCA) – a watchdog that is considering setting a cap of 1:50 leverage on CFDs.
As per the announcement, Admiral Markets is also setting to 1:500 the maxmimum leverage for forex pairs containing the Swiss Franc.
Starting from January 2, clients will be able to test the new settings through a demo account. The new setting will not affect the open positions and will apply only to new positions opened on January 9, 2017 and onwards. The changes will not affect the trading accounts on MetaTrader 5 either and for the time being will keep the 1:100 leverage.
Admiral Markets is an online trading provider, offering trading in forex and CFDs on stocks, indices, precious metals and energy and is regulated by UK’s Financial Conduct Authority (FCA). It offers several types of account, with minimum deposit requirement starting from $250 and leverage of up to 1:500.
The company also has an Estonia–based sister company, Admiral Markets AS, which is a white label provider regulated by the Estonian Financial Supervision Authority (EFSA). The Admiral Markets group also consists of Australia-regulated Admiral Markets Pty and Cyprus-regulated Admiralex.