Admiral Markets, a leading Forex and CFD trading provider, has notified clients that it will be applying changes in the terms for margin requirements on FX and CFDs trading accounts.
As of January 9th, the company will be providing new terms on its Admiral.Markets and Admiral.Prime accounts.
Under the new terms, the provided leverage will no longer depend on the account balance and will be determined only by a position’s notional value in account’s currency.
In addition, positions opened within an hour before the trading session close on Fridays will be provided with the leverage of 1:50.
Most popular CFDs
Under the new terms, Admiral Markets lists increased accessibility of the most popular CFDs for clients with smaller deposits due to a leverage rate of 1:500 that will be available for DAX30, FTSE100, DJI30, NQ100, SP500, ASX200, Silver, Gold, WTI and BRENT. This step seems a bit illogical, considering that Admiral Markets is a forex and CFD broker regulated by UK’s Financial Conduct Authority, a watchdog that is considering setting a cap of 1:50 leverage on CFDs.
The broker also offers more trading opportunities for one of the major currency pairs USD/CHF, and other currency pairs with the Swiss franc, which will be in compliance with general FX terms and will get the leverage up to 1:500.
Starting from January 2, clients will be allowed to test the new settings thorough a demo account. The new setting will not affect the open positions and will apply only to new positions opened on January 9, 2017.
About Admiral Markets
Founded in 2001, Admiral Markets is an international forex broker based in UK. The financial instruments offered by the broker include precious metals, CFDs, stocks and commodities.
Admiral Markets provides educational webinars and seminars aimed to teach beginners the basics of Forex trading. The broker offers reliable trading platforms, MT4 and MT5, as well as Autochartist, a powerful market-scanning tool.