Dear Clients,
We are writing to inform you that we’re introducing some important changes to our offer that you need to be aware of, including the way we calculate margin. We are making these changes to help improve your overall trading experience.
From Sunday 4th June, your margin rates will no longer be wholly dependent on your cash balance, but instead on the total nominal portfolio value of your open trades. We are making this change so that your margin rates are only ever impacted by the size of your trades and not the size of your cash balance.
As part of these changes, we will be establishing two margin groups based on total nominal portfolio value traded:
Group One - Up to 2 million nominal portfolio value in EUR (up to 200:1 available)
Group Two - Up to 10 million nominal portfolio value in EUR (up to 100:1 available)
From Sunday 4th June, we will automatically place all clients with a cash balance of less than 10,000€, £8,500, $11,000 and 3,100,000 HUF into Group One. Any client with a higher balance than the mentioned above will be allocated into Group Two. At any point, you can request to change the margin group you are in as long as you fulfil the conditions set out in the updated margin table. You can request this by contacting our Customer Support Team or your account manager.
As part of these changes, we have updated our Terms of Business, Best Execution Policy and Margin Table.
You should have received an email with all the highlighted changes and new documentation affecting the Terms of Business, Best Execution Policy and Margin Table. Please check your email inbox or spam in case you haven’t seen it. If for any instances your haven’t received our notification please do contact our Customer Support Team or your account manager.
Important!
On the day of implementation, any open trades you have will be affected in the following way:
xStation - there will be no effect on current margins, only new trades will be affected.
MT4 - your position margin will be recalculated and any leverage reduction could affect your open trades. Please make every effort to review your open trades and cash balance to ensure they are unlikely to reach our Margin Stop Out Level of 30%.
For further information on how the variation of margin and margin stop out work you can contact our Customer Support Team or your account manager or simply check our Terms of Business.
If you have any questions about these changes, please don’t hesitate to get in touch with our customer support team at ukservice@xtb.co.uk or call us on +44 20 3695 3085.
Kind regards,
The XTB UK team