Company News

Today, there is a change of delivery date for FRA.40, FRA.40+, FRA.40., FRA.40.., FRA40, NATGAS, NATGAS+, NATGAS., NATGAS.., NED25, NED25+, NED25., NED25.., SPA.35, SPA.35+, SPA.35., SPA.35.., SPA35 instruments. Clients who have open positions will be credited or debited with proper swap points amounts.

These are:

 - SPA35, SPA.35., SPA.35.., SPA.35, SPA.35+ 24 swap points for long position; -24 swap points for short position

 - NED25., NED25.., NED25, NED25+ 330 swap points for long position; -330 swap points for short position

 - NATGAS+, NATGAS., NATGAS.., NATGAS 32 swap points for long position; -32 swap points for short position

 - FRA.40, FRA40, FRA.40., FRA.40.., FRA.40+ 15 swap points for long position; -15 swap points for short position

XTB

Today, at the end of trading day FRA.40, FRA.40+, FRA.40., FRA.40.., FRA40, NATGAS, NATGAS+, NATGAS., NATGAS.., NED25, NED25+, NED25., NED25.., SPA.35, SPA.35+, SPA.35., SPA.35.. and SPA35 underlying instruments will change their delivery dates. Current difference between prices of futures with consecutive delivery terms is:

- SPA35, SPA.35., SPA.35.., SPA.35, SPA.35+ approx. -23 index points

- FRA.40, FRA40, FRA.40., FRA.40.., FRA.40+ approx. -1.5 index points

- NATGAS+, NATGAS., NATGAS.., NATGAS approx. -0.034 USD

- NED25., NED25.., NED25, NED25+ approx. -3.30 index points

It means that if nothing occurs between today's closing and tomorrow’s opening, open price for  should be lower.

Change of position value connected with base change will be corrected by swap points equal to base value. Clients with limit and stop orders close to current price are kindly requested to adjust their position to changes in base value. Otherwise stop and limit orders will be executed according to standard procedure.

XTB

Dear Client,

On 1st August 2018, the Financial Conduct Authority, guided by ESMA’s product intervention measures, will introduce a raft of changes to the CFD industry. As a result, you will see some significant changes to the amount of leverage you can trade with via our platforms as well as some other minor changes.

These changes are being implemented by European regulators and affect ALL FX, CFD & Spread betting brokers. 

Please note, the below changes does not impact Elected Professional clients. For more information on Elected Professionals, please click here.

Key changes to your account from 1st August 2018:

       1. New Leverage levels

A key change is to reduce the maximum leverage you have access to for each instrument.

CFD instruments                       Existing Leverage          Leverage from 1st August

Major FX Pairs                                
Eg EURUSD, GBPUSD                         200:1                                    30:1

Minor FX Pairs
Eg EURCAD, AUDJPY                         100:1                                     20:1

Major Indices & Gold
Eg DE30, US30                                    100:1                                     20:1

Commodities
Eg Silver, Oil                                         50:1                                      10:1

Equity CFDs
Eg Facebook, Barclays                        10:1                                       5:1

Cryptocurrencies
Eg Bitcoin, Ethereum                            5:1                                        2:1

       2. 50% Margin Close Out

The margin close out we will apply to your account will be increased from 30% to 50%. This takes effect from 1st August and will be inclusive of all open trades at that time.

       3. Cashback and other incentives

All monetary and non-monetary based incentives such as Cashback are banned by the Financial Conduct Authority. Therefore, we will be terminating all cashback agreements and other incentive based agreements by 31st July 2018.

In preparation for the above changes, we’re making some amendments to our Terms of Business [LINK], Key Information Documents and Best Execution Policy [LINK], which will all go live from 1st August 2018. In addition to this, we are updating our specification and margin tables on our website which will go live from 28th July 2018.

       4. Important! MT4 partial close change from 28th July

From 28th July 2018, if you partially close transactions on the MT4 platform, the remaining part of the transaction will be settled at the new margin levels (post ESMA). Please ensure you have sufficient margin in your account in advance of this date.

How can you get prepared for these changes?

The biggest impact you will find is that with lower leverage levels, you will need to put up more funds as margin to trade the same size you are used to. For example, normally a 1 lot trade on EURUSD would require around £436 in margin. After 1st August, this would now require £2,900.

If you want to trade similar sizes as you are used to, you need to deposit more funds to top up your margin.

[Deposit Funds]

If you have any questions about these changes or you need any assistance, please do not hesitate to get in touch with our customer support team at: ukservice@xtb.co.uk or +44 (0)20 3695 3086

Kind regards,

XTB Team

19.07 – Thursday – FRA40, FRA40., FRA40.., FRA40+, SPA35, SPA35., SPA35.., SPA35+, NED25, NED25., NED25.., NED25+, NATGAS, NATGAS., NATGAS.., NATGAS+

Due to national holidays trading on following instruments will be cancelled:

16.07 – Monday – USLCLP, USDCLP., USDCLP.., USDCLP+, JAP225, JAP225., JAP225.., JAP225+

Dividends Cash Indices (paid in cash):

Wednesday 18.07 – US500.cash, US30.cash

Thursday 19.07 – US500.cash

Friday 20.07 – EU50.cash

Corporate actions for Equity CFD, ETF CFD,  Synthetic stocks and Cash stocks announced until 13th July 2018.

Dividends Equity CFD (paid in cash):

Monday 16.07 - EOG.US, NILSY.US, OC.US, ORB.PL, ORCL.US, PNC.US, RPM.US, WSO.US

Tuesday 17.07 - AYI.US, CL.US

Wednesday 18.07 - GPW.PL, OGZD.UK, PGN.PL

Thursday 19.07 - CAT.US, CPS.PL, ELB.PL, FL.US, PG.US, PKI.US, PKN.PL, PNR.US, WSM.US, ZTS.US

Friday 20.07 - ALO.FR, APA.US, COO.US, COP.US, ENA.PL, F.US, LCC.PL, MGT.PL, SZU.DE

There are no holidays in the following week.

Please be aware that CA (dividends, rights issues, spin offs and splits) are announced on daily basis and may not be included in the above schedule.

XTB

Today, there is a change of delivery date for OIL.WTI, OIL.WTI+, OIL.WTI., OIL.WTI.. instruments. Clients who have open positions will be credited or debited with proper swap points amounts.

These are:

 - OIL.WTI, OIL.WTI., OIL.WTI.., OIL.WTI+ 152 swap points for long position; -152 swap points for short position

XTB

Today, at the end of trading day OIL.WTI, OIL.WTI+, OIL.WTI. and OIL.WTI.. underlying instruments will change their delivery dates. Current difference between prices of futures with consecutive delivery terms is:

- OIL.WTI, OIL.WTI., OIL.WTI.., OIL.WTI+ approx. -1.70 USD

It means that if nothing occurs between today's closing and tomorrow’s opening, open price for  should be lower.

Change of position value connected with base change will be corrected by swap points equal to base value. Clients with limit and stop orders close to current price are kindly requested to adjust their position to changes in base value. Otherwise stop and limit orders will be executed according to standard procedure.

XTB