Forex brokerage Admiral Markets said on Wednesday it has decided to make amendments to the margin requirements it offers. The changes will differ depending on the account type and will take place in the upcoming days.
The broker did not provide the exact margin rates it intends to introduce. However, it noted that the new margining solutions will provide a higher leverage for smaller smaller positions on a number of popular instruments.
As part of the transition process to the new margins, there will be several changes on margin calculation. Following are more details:
- Amendments of pre-close margining terms: During weekends (starting from this one), pre-close margin rates for positons opened or closed within an hour of the close of the Friday trading session on Admiral.Markets or Admiral.Prime accounts will be executed with a maximum leverage of 50:1. However, this will not apply to positions with lower leverage rates. The margin value of positions with the leverage rate of 50:1 applied during the pre-close hour will be automatically recalculated on weekends. By the session opening on Mondays the leverage applied to such positions will reflect their notional value as per general margining terms.
- Selecting the maximum leverage via your Trader’s Room: A new option to manually increase or decrease account leverage has been made available to holders of Admiral.Markets or Admiral.Prime accounts. Traders can choose a leverage rate by selecting one of available leverage rates in the account settings section of their Trader’s Room. All leverage options are available regardless of the account’s balance.
- Recalculation of margin requirements to certain positions for this weekend: During the weekend of 21-22 January, margins on positions opened prior to 9 January will be recalculated according to the current requirements. For some parts of large positions, leverage rates of 50:1 and/or 10:1 could be applied. Traders who hold positions opened prior to that date should make sure they have enough funds in their accounts to meet the margin requirements for all positions. However, these changes will not apply to traders with Admiral.Markets trading accounts on the AM-Live3 trading server.
Admital Markets is a collective brand of Admiral Markets UK, which is based and regulated in the UK, and its Australian-based and regulated sister company Admiral Markets Pty. Both brokers are units of Estonia-based Admiral Markets AS, part of the holding company Admiral Markets Group, which also includes Cyprus-regulated Admiralex.
The brokerage offers trading in a wide range of instruments, including forex, commodities, indices, shares, bonds.