Important changes to Trading Conditions 2016.03.14
Dear Trader,
Our Trade.MT4 and Zero.MT4 accounts already give trading access to major currency pairs plus CFDs on stock indices, metals, energies, shares and bonds. But we believe in consistently striving to give you the most competitive trading terms, so we are now offering even better trading conditions.
That's right. From the session opening Monday March 28 2016, our CFDs on indices and commodities will be more:
- accessible, via reduced margin requirements and contract size
- cost effective, via reduced spreads.
Leverage enhancements
The leverage rate on most popular indices, commodities and CHF currency pairs will scale up to 1:200, making these instruments more accessible for our traders.
Leverage rates per instrument and account type
|
Instrument |
Leverage rates |
|
|
Trade.MT4 |
Zero.MT4 |
|
|
Currency pairs with CHF |
1:200, 1:80, 1:40, 1:10 |
1:200, 1:100, 1:50 |
|
Gold, Silver |
1:200, 1:80, 1:40, 1:10 |
Not applicable |
|
XAU/USD-ECN, XAG/USD-ECN, XAU/AUD-ECN |
Not applicable |
1:200, 1:100, 1:50 |
|
Brent CFD, WTI CFD |
1:200, 1:80, 1:40, 1:10 |
Not applicable |
|
[DAX30], [DJI30] and other cash CFD Indices |
1:200, 1:80, 1:40, 1:10 |
Not applicable |
Please note:
- Account balance brackets for the listed leverage values will remain the same as our current Forex instruments (see our Forex margin requirements). For example, an account with 1000 EUR balance, will be provided with the leverage 1:500 for EUR/USD and 1:200 on Gold, Brent plus DJI30 CFD.
- Please check your account's free margin before the changes take place, as the new leverage will be applied to all open positions. The latter will depend on your trading account's balance and respective brackets listed in our Forex margin requirements.
Contract size specifications
A number of popular index CFDs from our product list, will be given the minimal contract sizes available. This makes these instruments more accessible and allows you to more effectively manage your trading accounts.
New contract size values
|
Symbol |
Current contract size |
New contract size |
|
[HSI50] |
10 index levels |
1 index level |
|
[JP225] |
100 index levels |
10 index levels |
|
[NQ100] |
10 index levels |
1 index level |
|
[SP500] |
25 index levels |
1 index level |
|
WTI |
100 barrels |
No changes to new contract size |
Please note:
- Open positions and pending orders on instruments listed above, will be adjusted to reflect the new contract size on the session opening Monday March 28. For example, 1.0 lots of SP500 held on the Friday March 25 session close, will be converted to 25.0 lots according to the table above.
- Adjustments of open trades and pending orders will only reflect the change of the new contract size - not the point value or notional trade value of the selected instruments.
Spread reductions
A number of index and commodity CFDs may get significant spread reductions. This reduction may reduce your spread related costs, making these instruments more appealing to traders.
Spread reductions by instrument
|
Symbol |
Approximate spread reduction |
|
[ASX200] |
up to -30% |
|
[CAC40] |
up to -30% |
|
[FTSE100] |
up to -30% |
|
[HSI20] |
up to -20% |
|
[IBEX35] |
up to -20% |
|
[JP225] |
up to -20% |
|
[SP500] |
up to -30% |
|
[STOXX50] |
up to -30% |
|
WTI, Brent |
up to -30% |
Changes to our trading hours
To provide the above-noted improvements, we will need to make liquidity pool changes. We will therefore be updating our trading hours on the listed instruments below.
Time changes by instrument
|
Symbol |
Trading hours, EET |
|
[ASX200] |
01:00 Mon - 23:00 Fri, recess 00:00 - 00:05 |
|
[CAC40] |
09:00 - 23:00 Mon - Fri |
|
[DAX30] |
01:00 Mon - 23:00 Fri, recess 00:00 - 00:05 |
|
[FTSE100] |
09:00 - 23:00 Mon - Fri |
|
[HSI50] |
03:15 - 17:45 Mon - Fri |
|
[IBEX35] |
10:00 - 21:00 Mon - Fri |
|
[JP225] |
01:00 Mon - 23:00 Fri, recess 23:15 - 02:00 |
|
[NQ100] |
01:00 Mon - 23:00 Fri, recess 23:15 - 23:30, 00:00 - 01:00 |
|
[SP500] |
01:00 Mon - 23:00 Fri, recess 23:15 - 23:30, 00:00 - 01:00 |
|
[STOXX50] |
09:00 - 23:00 Mon - Fri |
|
Brent |
03:00 - 24:00 Mon - Fri |
|
WTI |
01:00 Mon - 23:00 Fri, recess 00:00 - 01:00 |
Swap updates
The anticipated changes to our liquidity pool, require us to update our current swap rates and measure units too.
Swap updates by instrument
|
Symbol |
Swap value (short) |
Swap value (long) |
Swap value unit |
|
[ASX200] |
-0.275 |
-5.275 |
Interest rate |
|
[FTSE100] |
-0.19 |
-0.53 |
GBP |
|
[HSI50] |
1.392 |
-2.808 |
Interest rate |
|
[IBEX35] |
1.48 |
-2.71 |
Interest rate |
|
[JP225] |
-7.9 |
-14.5 |
JPY |
|
[NQ100] |
-0.12 |
-0.36 |
USD |
|
[SP500] |
-0.006 |
-0.116 |
USD |
|
[STOXX50] |
-0.1 |
-0.21 |
EUR |
|
Brent |
2.78 |
-2.93 |
Pips |
|
WTI |
8.00 |
-8.15 |
Pips |
We are planning to further expand our CFD instrument product range, so please stay tuned for more information.
Yours sincerely,
Admiral Markets
