DislikedFXCM Ltd (UK) Micro – FAQ
1) What are the new margin requirements?
To view a full list of margin requirements visit the MARGIN TABLE.
2) When will the NEW margin requirements take effect?
At trading open on Sunday, November, 22nd.
3) Will my account be affected by this change?
[color=red]All Micro accounts held with Forex...Ignored
The margin requirement of 0.25% (400:1 leverage) will stay the same for micro FXCM UK accounts, but the margin calculation will be based off of the notional amount traded. Here's the text from the FAQ:
After November 22nd, the default margin levels for FX products will be 0.25% of the notional trade size plus a small cushion to prevent daily or even weekly fluctuations in margin requirements. In most cases, the cushion we have added means that margin levels should not change more than once a month. Additionally, to further keep things simplified, margin levels will only go up or down in increments of $1.