5. Margin Q&A

DailyFX Forum Administrator · #1 (**permalink**) 10-20-2009, 03:57 PM

If you have questions regarding the new margin requirements, please feel free to ask them here.

ddkddk · #2 (**permalink**) 10-21-2009, 07:35 PM

Do the new margin requirements effective nov 22 affect FXCM micro UK accounts?
Thanks

bmwguy586 · #3 (**permalink**) 10-21-2009, 11:48 PM

please could someone explain the exact margin requirements for FXCM US and FXCM UK. From what i understood in the e-mail, the 10k lot will be 100-170 commonly traded pairs with the most volatile like (eur/usd, gbp/usd, eur or gbp/jpy are 160-170 per 10k lot), the old margin was 25 bucks. Does the FXCM UK accounts have the same changes or what going on. I was going to switch to FXCM UK because of hedging rules anyway, but want to know what FXCM UK is doing or going to do. I got a response to a e-mail but want more clear answer and what pairs will be what for a 10k lot. e-mail response from Lena Vayn . "FXCM Micro LTD accounts will be modified as well to be between $2.50 for some pairs up to $10."

Thanks,

Jonathan

Lena V. · #4 (**permalink**) 10-22-2009, 05:48 PM

Quote:

Originally Posted by bmwguy586

please could someone explain the exact margin requirements for FXCM US and FXCM UK. From what i understood in the e-mail, the 10k lot will be 100-170 commonly traded pairs with the most volatile like (eur/usd, gbp/usd, eur or gbp/jpy are 160-170 per 10k lot), the old margin was 25 bucks. Does the FXCM UK accounts have the same changes or what going on. I was going to switch to FXCM UK because of hedging rules anyway, but want to know what FXCM UK is doing or going to do. I got a response to a e-mail but want more clear answer and what pairs will be what for a 10k lot. e-mail response from Lena Vayn . "FXCM Micro LTD accounts will be modified as well to be between $2.50 for some pairs up to $10."

Thanks,

Jonathan

There will be new margin requirements applied to both US and UK accounts

At FXCM we strongly believe that utilizing high levels of leverage can be very dangerous and not in the best interest of our traders. We have often seen a few loosing trades offset many trades.
Our experience in Hong Kong, where lower leverage (higher margins) is mandated by law, indicates that trading with lower leverage can lead to more profitable trading. The new margin requirements we have put in place are intended to help protect our traders. Additionally, we think this change may increase the positive results that you see in your trading.

PLEASE NOTE THE FOLLOWING MARGIN REQUIREMENTS FOR FXCM Micro accounts trading through our US business (FXCM LLC)”:

Please be aware that as of (date), the margin requirement for accounts trading with FXCM US micro LLC range between $10 an $17 for each lot. For a full list of currency pairs with their margin requirements please click here. (webpage link)

Below is a list of the margin requirements for the major currency pairs:

EUR/USD - $16

GBP/USD - $17

USD/JPY - $10

USD/CAD - $10

USD/CHF - $10

AUD/USD - $10

PLEASE NOTE THE FOLLOWING MARGIN REQUIREMENTS FOR FXCM Micro accounts trading through our UK business (FXCM LTD)””:

Please note that typically the margin requirement for currencies traded on a LTD Micro account range between $2.50 and $10 for every 1k LOT. For a full list please consult your Simple Dealing Rates Window.***

Here is a list of the margin requirements for most of the majors:

EUR/USD: $4 AUD/USD: $2.50

GBP/USD: $4.25 USD/CAD: $2.50

USD/JPY: $2.50 GBP/JPY: $4.25

*** Up-to-date margin requirements are and will continue to be displayed in the Simplified Dealing Rates window of the trading platform by currency pair.

yvesbrian82 · #5 (**permalink**) 10-26-2009, 06:57 AM

May i know what is the requirement if i want to swift my FXCM LLC micro account to FXCM LTD??

Helene Z. · #6 (**permalink**) 10-26-2009, 09:36 AM

Quote:

Originally Posted by yvesbrian82

May i know what is the requirement if i want to swift my FXCM LLC micro account to FXCM LTD??

yvesbrian82,

there are no requirements. You may transfer to FXCM UK by filling out the following form