Margin increase ahead of Italian referendum

As you may be aware, Italy will hold a referendum on Sunday (4 December 2016) on whether or not to change the country’s constitution.

The country’s Prime Minister, Matteo Renzi, has promised to resign if the electorate rejects his proposals.

High volatility is expected when market opens next Sunday. In order to protect our customers from volatility spikes due to the Italian referendum, please be informed that our margin requirements are changing on Thursday 1 December 2016 at 21:00 GMT as described below. The new margin requirements will remain in force until further notice (presumably until 5 December 2016, depending on the market reaction following the referendum results).

In this connection, please note that the new margin requirements will affect both EXISTING and NEW positions. Please make sure you have enough available margin / equity in your account leading up to and during the voting/announcement of results.

Instrument Current Margin Temporary Margin
FOREX
AUDCAD 0.50% 0.50%
AUDCHF 1.00% 1.00%
AUDJPY 1.00% 1.00%
AUDNZD 1.00% 1.00%
AUDUSD 0.50% 0.50%
CADCHF 1.00% 1.00%
CADJPY 1.00% 1.00%
CHFJPY 1.00% 1.00%
EURAUD 1.00% 1.00%
EURCAD 0.50% 1.00%
EURCHF 1.00% 1.00%
EURGBP 0.50% 1.00%
EURJPY 0.50% 1.00%
EURNOK 1.00% 1.00%
EURNZD 1.00% 1.00%
EURUSD 0.50% 1.00%
GBPAUD 1.00% 1.00%
GBPCAD 0.50% 0.50%
GBPCHF 1.00% 1.00%
GBPJPY 1.00% 1.00%
GBPNOK 1.00% 1.00%
GBPNZD 1.00% 1.00%
GBPUSD 0.50% 0.50%
NZDCAD 1.00% 1.00%
NZDCHF 1.00% 1.00%
NZDJPY 1.50% 1.50%
NZDUSD 1.00% 1.00%
USDCAD 0.50% 0.50%
USDCHF 1.00% 1.00%
USDHKD 5.00% 5.00%
USDJPY 0.50% 0.50%
USDNOK 1.00% 1.00%
USDSEK 1.00% 1.00%
USDSGD 5.00% 5.00%
COMMODITIES
XAUUSD 0.50% 1.00%
XAGUSD 2.00% 2.00%
XTIUSD 3.00% 3.00%
XNGUSD 3.00% 3.00%
XPDUSD 4.00% 4.00%
XPTUSD 4.00% 4.00%
INDICES
STOXX50E 2.00% 2.00%
GDAXI 2.00% 2.00%
SPX500 1.00% 1.00%
WS30 2.00% 2.00%
NDX 1.00% 1.00%
J225 2.00% 2.00%
AUS200 2.00% 2.00%
FCHI40 2.00% 2.00%
UK100 2.00% 2.00%

For the ease of reference, Margin in % =  (1/max. leverage)* 100. In other words:

0.50 % = 1:200 leverage

1.00 % = 1:100 leverage

2.00 % = 1:50 leverage

5.00 % = 1:20 leverage, etc.

Have questions about the Italian rerferendum? At info@darwinex.com we’ll be happy to assist you!

 

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