Important Changes to Oil Margin Requirements.
April 23, 2020
Please be aware that following the margin
increases from our liquidity providers and, in light of the recent volatility
in the oil markets, we will change margin requirements for our CL -Oil, USOUSD and UKOUSD
instruments.
The underlying market
conditions for the Oil products have been extremely volatile lately, and we
continue to observe wider spreads, price gaps and periods of thin liquidity.
Following the changes, the new margin requirements will be approximately 10 times the current margin required to trade these products.
For example:
Product
|
Current Margin
| New Margin |
CL Oil
|
USD 1000
|
USD 10,000
|
USOUSD
|
USD 1000
|
USD 10,000
|
UKOUSD
|
USD 1000
|
USD 10,000
|
The above margin changes will take place effective from 24thApril 22:00 (MT4 Server time).
We would like to advise
caution during this period of continued volatility. We recommend that you
monitor positions carefully and maintain a sufficient account surplus
throughout this period.
If you
have any queries, feel free to contact your Account Manager or email [email protected].