We are updating our Margin Table & Instrument Specifications
Dear Trader,
Earlier this week, we wrote to let you know that we’re updating our Terms of Business to prepare for the launch of several new markets including Cryptocurrencies such as Bitcoin. As part of this same change, we’re updating our Margin Table and Instrument Specification to detail the margins, spreads, trading hours of these new markets, as well as some other minor changes.
Please find below the list of amendments:
New instruments will be available for trading on 25th June 2017.
- New instruments - BASIC OFFER
USDIDX
DE30.cash
EU50.cash
FRA40.cash
ITA40.cash
SPA35.cash
UK100.cash
US100.cash
US30.cash
US500.cash
- New instruments - STANDARD OFFER
USDIDX
BTCUSD
ETHUSD
XRPUSD
LTCUSD
DSHUSD
DE30.cash
EU50.cash
FRA40.cash
ITA40.cash
SPA35.cash
UK100.cash
US100.cash
US30.cash
US500.cash
- New instruments - PROFESSIONAL OFFER (PRO)
USDIDX
BTCUSD
ETHUSD
XRPUSD
LTCUSD
DSHUSD
DE30.cash
EU50.cash
FRA40.cash
ITA40.cash
SPA35.cash
UK100.cash
US100.cash
US30.cash
US500.cash
- Trading hours amendments:
USDBRL - 12:00 pm - 6:00 pm (CET), 2:00 pm - 8:00 pm (CEST)
MEXComp - 3:30 pm - 9:00 pm
Table of Margins
From Sunday 25th June, in relation to the changes previously mentioned the following margin comments will be affected:
- Wording of comment no.2 will be changed, by adding the new instruments DE30.cash, EU50.cash, FRA40.cash, ITA40.cash, UK100.cash, US30.cash, US100.cash, US500.cash
Wording after amendments:
Margin collected at opening transactions referred to the following instruments: US30, US.30, US.30., US.30.., US.30+,US100, US.100, US.100., US.100.., US.100+,US500, US.500, US.500., US.500.., US.500+,UK100, UK.100, UK.100., UK.100.., UK.100+,DE30, DE.30, DE.30., DE.30.., DE.30+,FRA40, FRA.40, FRA .40., FRA.40.., FRA.40+, EU50, EU.50, EU.50., EU.50.., EU.50+, ITA40, ITA .40, ITA .40., ITA.40.., ITA.40+, DE30.cash, EU50.cash, FRA40.cash, ITA40.cash, UK100.cash, US30.cash, US100.cash, US500.cash
- Wording of comment no.3 will be changed, by adding the new instruments USDIDX, USDIDX.., USDIDX+
Wording after amendments:
Margin collected at opening transactions referred to the following instruments: CZKCASH, CZKCASH., CZKCASH.., CZKCASH+,US2000, US2000., US2000.., US2000+,VOLX, VOLX., VOLX.., VOLX+, SUI20, SUI20., SUI20.., SUI20+, RUS50, RUS50., RUS50.., RUS50+,HUNComp, HUNComp., HUNComp.., HUNComp+, BRAComp, BRAComp., BRAComp.., BRAComp+, MEXComp, MEXComp., MEXComp.., MEXComp+,JAP225, JAP225., JAP225.., JAP225+,HKComp, HKComp., HKComp.., HKComp+, CHNComp, CHNComp., CHNComp..,CHNComp+, KOSP200, KOSP200., KOSP200.., KOSP200+, INDIA50, INDIA50., INDIA50.., INDIA50+, AUS200, AUS200., AUS200.., AUS200+, NED25, NED25., NED25.., NED25+, USDCHF, USDCHF., USDCHF.., USDCHF+, EURCHF, EURCHF., EURCHF.., EURCHF+, GBPCHF, GBPCHF., GBPCHF.., GBPCHF+, AUDCHF, AUDCHF., AUDCHF.., AUDCHF+, CADCHF, CADCHF., CADCHF.., CADCHF+, CHFJPY, CHFJPY., CHFJPY.., CHFJPY+, CHFPLN, CHFPLN., CHFPLN.., CHFPLN+, CHFHUF, CHFHUF., CHFHUF.., CHFHUF+, USDIDX, USDIDX.., USDIDX+
- Wording of comment no.4 will be changed, by adding the new instrument SPA35.cash
Wording after amendments:
Margin collected at opening transactions referred to the following instruments: W20, W.20, W.20., W.20.., W.20+,SILVER, SILVERs, SILVERs., SILVERs+, XAGUSD, XAGUSD.., PLATINUM, PLATINUM., PLATINUM.., PLATINUM+, COPPER, COPPER., COPPER.., COPPER+, ALUMINUM, ALUMINIUM., ALUMINIUM.., ALUMINIUM+, ZINC, ZINC., ZINC.., ZINC+, NICKEL, NICKEL., NICKEL.., NICKEL+,OIL, OILs, OILs., OILs.., OILs+, OIL.WTI, OIL.WTI., OIL.WTI.., OIL.WTI+, NATGAS, NATGAS., NATGAS.., NATGAS+, CORN, CORN., CORN.., CORN+, SOYBEAN, SOYBEAN., SOYBEAN.., SOYBEAN+, WHEAT, WHEAT., WHEAT.., WHEAT+, SUGAR, SUGARs, SUGARs., SUGARs.., SUGARs+, COTTON, COTTONs, COTTONs., COTTONs.., COTTONs+, COFFEE, COFFEE., COFFEE.., COFFEE+, EMISS, EMISS., EMISS.., EMISS+, COCOA, COCOA., COCOA.., COCOA+,SPA35, SPA.35, SPA.35., SPA.35.., SPA.35+, POR20, POR20., POR20.., POR20+,USDBRL, USDBRL., USDBRL.., USDBRL+, SPA35.cash
- New Comment has been added under No. 7 (concerning cryptocurrencies):
Wording of such is as follows:
for BTCUSD, ETHUSD
Nominal Portfolio Value in EUR Margin
0 - 2 000 000 10%
0 - 10 000 000 20%
for LTCUSD, DSHUSD
Nominal Portfolio Value in EUR Margin
0 - 2 000 000 20%
0 - 10 000 000 40%
for XRPUSD
Nominal Portfolio Value in EUR Margin
0 - 2 000 000 30%
0 - 10 000 000 60%
Comments under Specification Table, Swap Points Table, Spread Table
New comments will be added under the Specification Table, Swap Points Table and Spread Table sections of our website with the following content:
Cryptocurrencies
1. Instruments BTCUSD, ETHUSD, XPRUSD, LTCUSD and DSHUSD are available only on xStation platform on STANDARD (market execution only) and PRO offer.
2. The maximum amount of Client involvement in Open Positions (either long or short) on BTCUSD, ETHUSD, XRPUSD, LTCUSD and DSHUSD on the Account may not exceed 50 lots.
Cash instruments
1. Instruments DE30.cash, EU50.cash, FRA40.cash, ITA40.cash, SPA35.cash, UK100.cash, US100.cash, US30.cash and US500.cash are available only on xStation platform on BASIC, STANDARD (market execution only) and PRO offer.
2. Between 8:00 am – 10:00 pm, DE30.cash (BASIC), EU50.cash (BASIC), FRA40.cash (BASIC) and UK100.cash (BASIC) are quoted with the standard Spread of 2, 4.4, 2.2 and 3.8 pips respectively, between10:00 p.m. - 8:00 am with the Spread of 8, 7, 5.6 and 9 pips respectively.
3. Between 9:00 am – 5:40 pm, ITA40.cash (BASIC) is quoted with the standard Spread of 38 , between 5:40 pm - 9:00 am with the Spread of 55 pips.
4. Between 8:00 am – 8:00 pm, SPA35.cash (BASIC) is quoted with the standard Spread of 14 , between 8:00 pm - 8:00 am with the Spread of 20 pips.
Existing comments No. 6 and 9 in Swap Points Section will be amended for the following:
6. For Equity CFD, ETF CFD and CFD based on cryptocurrency, value of swap points is expressed in percentage per annum. Daily value of charges shall be calculated as follows:
9. Upper limit of mark-up included in deposit rates used by XTB in calculation of swap points stands at 10%. Negative swap points shall be calculated by XTB as cost which is borne by clients and owed to XTB.
Please view below the documentation affected and in force from the 25th June in relation to the changes described:
If you have any questions or enquiries, 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