Admiral Markets hikes margin requirements ahead of France’s presidential elections

Admiral Markets hikes margin requirements ahead of France’s presidential elections

French_elections_news

Admiral Markets, a European-regulated forex broker, announced it is temporarily hiking the margin requirements on all instruments ahead of the upcoming presidential elections in France on April 23 and the eventual market volatility.

According to the broker’s statement, starting from Friday, April 21 at 00:00 (EET) until 12:00 (EET) on Monday 24 April, the highest leverage will be capped at 1:50 (margin rate of 2%), on all instruments and all types of accounts, on all positions, including the open ones. Same will happen in case of a run-off, from Friday 5 May until Monday 8 May. Additionally, the broker could enable Close Only mode for any instruments on separate short notice within the same periods.

Here are additional details on how the changes will affect the different types of accounts:

For Admiral.markets and Admiral.prime accounts:

Normal leverage rates Changed leverage rates
1:500 1:50
1:200 or 1:100 1:50
1:50 1:50
1:10 1:10

For Admiral.mt5 accounts the leverage will be set to 1:50.

For Admiral.classic accounts:

Normal leverage rates Changed leverage rates
1:500 1:50
1:200 1:20
1:100 1:10
1:50 1:5

Admiral Markets also notes it reserves the right to make further changes depending on the market situation surrounding the French presidential elections. Such changes may include, but are not limited to the following:

– increases in margin requirements on other instruments and further increases in margin requirements on any instruments;

– additional trading restrictions or extension of the terms of any or all amendments described above for an additional period of time.

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.

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