Cyprus-regulated forex broker ForexTime, or FXTM, is setting new margin rates for contracts for difference (CFDs) on indices and commodities on ECN trading accounts, the broker said over the weekend. The new trading conditions come into effect from 6 February, 2017.
The change will cover more than a dozen index and commodity CFDs. The majority of instruments, which will undergo change, will be available at a higher margin, but the margins on some instruments will be lowered.
Following is a list of the instruments and their new (and old) margin rates:
FXTM is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), which allows it to provide its services in all EU countries. Earlier this year, the broker obtained a license from the Financial Services Board (FSB) of South Africa. It has also set up a London-based unit, but it has provided no information at the time as to whether it plans to acquire a UK license.