Margin increase ahead of UK referendum (Brexit)

As you’re well aware already, the British electorate will address the withdrawal of the United Kingdom from the European Union (Brexit) in a referendum on 23 June 2016.

In order to protect our customers from volatility spikes due to the UK referendum, please be informed that our margin requirements are changing on 16 June 2016 at 06:00 GMT as described below.  The new margin requirements will remain in force until further notice ( presumably until 27 June 2016, depending on the market reaction to 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 for the days leading up to and during the voting/announcement of results.

 

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

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 Brexit? At info@darwinex.com we’ll be happy to assist you!

 

Brexit

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