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Thread: change margin

  1. #1
    iogf696 is offline Registered User
    Join Date
    Jan 2012
    Posts
    3

    change margin

    may you reset my margin from 0,5 to 0,25 please? ican't do it from my account.

  2. #2
    Julius at FXCM's Avatar
    Julius at FXCM is offline DailyFX Administrator
    Join Date
    Nov 2010
    Posts
    1,614
    Hello iogf696, and thank you for your post!


    Can you please change the leverage on my account from 0.5% to 0.25%?

    Done! I have spoken to the operations department and the leverage on your account has been changed from 0.5% to 0.25%.

    If you need to update any other information for your profile on MyFXCM.com, you can also do so by sending an email to our operations department directly with your request, and they will be more than happy to make any of those changes for you. The operations department can be reached at:

    Standard Accounts: admin@fxcm.com | Micro Accounts: admin@fxcmmicro.com


    How can I change the leverage (or margin) for my account?

    If you have an FXCM LLC (US) account, the leverage is set to 50:1 on the majors, and 20:1 on the exotics. For a full list of the margin requirements for FXCM LLC (US) accounts, please click here.

    For UK or AU regulated accounts, please follow the simple steps below to change the leverage (or margin) for your account.

    Step 1. Please visit MyFXCM.com and log in with the same information you use to log in to your live account.


    If you do not have your user name or password, please click on the "Forgot Login/Password?" link to either retrieve your user name or reset your password.

    Please click here (Trading Station II Login Help) for a visual instructions on how to reset your password.


    Step 2. Once you are logged in, please click on the Change-Margin Request link.


    Step 3. On this page, you will be able to change your margin from the drop-down menu indicated below. Please choose your new margin settings accordingly and then click on "Submit".


    You will then see the request confirmation page.


    It can take up to 1 - 3 business days to process your request, although it often takes less time.

    Step 4. When finished, please be sure to log out.



    I have a UK or AU regulated account, I cannot change my leverage to 0.25%. Why is that?

    Remember that only FXCM Micro LTD (UK) accounts can have up to 0.25% leverage. If you do not have an FXCM Micro LTD (UK) account then that is why you cannot change your leverage to 0.25%. If you do have an FXCM Micro LTD (UK) and you still find that you cannot change your leverage to 0.25%, please send an email to the operations department at admin@fxcmmicro.co.uk and they will be more than happy to enable that functionality for you.


    Why is lower leverage important in order to improve one's chances of being successful in the long term?

    One of the main reasons that new traders lose money is because they over-leverage their account by opening too large of a position, too many positions, or a combination of both. When you use excessive leverage, a few losing trades can quickly offset many winning trades. To clearly see how this can happen, consider the following example.

    Scenario: We have four different traders trading on different levels of effective leverage.

    Questions: What happens to Trader A account equity when the USD/JPY price falls 100 pips against them?


    Answer: Trader A loses 41.5% of his account equity.


    By using lower leverage, Traders B, C, and D drastically reduce the dollar drawdown of a 100 pip loss. Please keep in mind that it is not uncommon for currency pairs to range at least 100 pips a day. By over-leveraging his account, Trader A has lost almost half of his equity in just one trade. We believe that using 10:1 effective leverage on an account is a good general rule of thumb, or never having more than 1K of open exposure for every $100 of equity in the account.


    Does lower leverage really work?

    FXCM's experience in Hong Kong, where significantly lower leverage levels are mandated by law, suggests lower leverage results in more successful trading. As another example, many professional traders use up to 8:1 leverage and typically much less. The reason to use low leverage is to make sure that a losing position does not make a significant negative impact on the overall account.


    How can I use lower leverage?


    To learn more about money management and the benefits of trading with lower leverage, please click here (Lower leverage = better money management - DailyFX Videos) for some video resources that we feel you will find very beneficial!


    Where can I find more information about Margin and Leverage?

    For more information please visit our Margin and Leverage FAQs (Margin Trading and Leverage FAQ).


    Thank you again for your post iogf696! Please feel free to post with more questions or send me an email directly at julius@fxcm.com

    Quote Originally Posted by iogf696 View Post
    may you reset my margin from 0,5 to 0,25 please? ican't do it from my account.
    Last edited by Julius at FXCM; 01-24-2012 at 04:48 PM.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  3. #3
    Robert84 is offline Registered User
    Join Date
    Dec 2009
    Posts
    3

    Margin level

    I crossed over to the margin level of about 0.5 to 0.25 and 0.25 I can not recover from.
    Please restore the margin level of 0,25,
    Thank you in advance

  4. #4
    Julius at FXCM's Avatar
    Julius at FXCM is offline DailyFX Administrator
    Join Date
    Nov 2010
    Posts
    1,614
    Hello Robert84, and thank you for your post!


    Can you please change the leverage on my account from 0.5% to 0.25%?

    I see that the operations department changed the margin requirement on your account to 0.25% on the same day that you posted. Please do not hesitate to reach out to me directly whenever any questions come to mind, if you need further assistance, or just to let me know how you are doing. Remember I am always here to help!


    Thank you again for your post Robert84! Please feel free to post with additional questions or contact me directly at julius@fxcm.com

    Quote Originally Posted by Robert84 View Post
    I crossed over to the margin level of about 0.5 to 0.25 and 0.25 I can not recover from.
    Please restore the margin level of 0,25,
    Thank you in advance
    Last edited by Julius at FXCM; 04-15-2012 at 05:43 PM.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.