FXOpen News


  • Dear Traders,
    Please note that due to the celebration of Labour Day on Monday, September 3rd 2018  in the US trading hours for some financial instruments will be changed as follows:

    • Forex pairs: normal trading hours;
    • Metals: trading session ends at 20:00;
    • Oil, Gas: trading session ends at 19:45;
    • Indices:
      • Japan 225: until 20:00;
      • US SPX 500: until 20:00;
      • US SPX 500 (Mini): until 20:00;
      • US Tech 100: until 20:00;
      • US Tech 100 (Mini): until 20:00;
      • Wall Street 30: until 20:00;
      • Wall Street 30 (Mini): until 20:00.

    Other indices will be traded without changes.

    Please, consider this information when planning your trading for the upcoming week.

    FXOpen UK
    E-mail: [email protected]

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  • August 27th Bank Holiday Hours

    Please note that due to the UK Bank Holiday on Monday 27th August support will be closed and reopen at 8am on Tuesday 28th August. 

    The dealing line for urgent trade enquiries will be open as usual on 0203 519 1224 

    Kind regards,

    The FXOpen UK Team

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  • New Margin Requirements


    The new Leverage limits for retail clients are now less that one week away and will come into effect on Saturday 28th July.  The new leverage limits will apply to open positions as well as new positions, so please ensure you have sufficient funds on your account to meet the new margin requirements for open positions before Saturday 28th July. If you do not have sufficient funds to cover the new margin requirements, you will be automatically closed out when the market opens.

    How much margin will I need?
    Your margin requirement will depend on what market you are trading and the size of your trade. Eg EURUSD will have 1:30 leverage so the margin requirement for 0.10 lot will be: 
    0.10 lot * 100,000 = €10,000
    €10,000 / 30         = €334 Margin Required

    What are the new leverage limits?
    Major FX 1:30
    Minor FX 1:20
    Gold 1:20
    Equity Indices 1:20
    Commodities 1:10
    Cryptocurrencies 1:2

    Who is affected by the changes?

    The new leverage limits and negative balance protection rules only apply to Retail clients. Professional clients are not affected by the new changes.

    If you meet 2 of the following 3 criteria you may be eligible to opt up to become a Professional client.
    • You have traded an average of 10 times in each of the last four quarters on CFDs, spread bets or forex in significant size (with FXOpen UK and other providers)
    • You hold an investment portfolio (including cash savings and financial instruments) exceeding €500,000 (with FXOpen UK and other providers)
    • You have worked for at least one year in the financial sector, in a position that has given you knowledge of Forex, CFD, or spread betting trading
    If you meet the requirements and want to enquire about opting up to a professional client status, you can reply to this email or contact [email protected].

    If you have any questions regarding these changes or require assistance in calculating your new margin requirements, please do not hesitate to contact us.

    Kind regards,

    The FXOpen UK Team

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  • Changes to CFD Trading on Independence Day in the United States

    Dear clients,
    Please note that due to Independence Day celebrated in the USA on 4 July 2018 you will experience the following changes in trading hours on July 3rd and 4th.

    Tuesday, July 3rd

    Forex: normal trading hours;
    Metals: normal trading hours;
    Indices:

    • Japan 225 trading ends at 20:15 GMT+3;
    • US SPX 500 trading ends at 20:15 GMT+3;
    • US SPX 500 (Mini) trading ends at 20:15 GMT+3;
    • US Tech 100 trading ends at 20:15 GMT+3;
    • US Tech 100(Mini) trading ends at 20:15 GMT+3;
    • Wall Street 30 trading ends at 20:15 GMT+3;
    • Wall Street 30 (Mini) trading ends at 20:15 GMT+3.

    All other indices will be traded without changes.

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  • Leverage Changes for Retail Clients

     
    The European Securities and Markets Authority (ESMA) has officially announced the new leverage limits for Retail clients will come into effect on 1st August 2018. The new limits apply to every broker regulated in the European Union and have a direct impact on the amount of money you need to place a trade. The new leverage limits will apply to both open positions as well as new positions once implemented.
     
    What are the Changes?
     
    The full ESMA document can be read here but below is a summary of the main changes to your account.
     
    Maximum Leverage:
    ·         30:1 for major currency pairs;
    ·         20:1 for non-major currency pairs, gold and major indices;
    ·         10:1 for commodities other than gold and non-major equity indices;
    ·         5:1 for individual equities and other reference values;
    ·         2:1 for cryptocurrencies;
     
    Negative Balance Protection: Your account as a whole will no longer be able to lose more than the funds on deposit.
     
    50% Margin Stop Out: This is currently already in place for ECN accounts but it will now also apply to STP and Crypto Accounts which are currently 30% and 15% respectively.
     
    Who is affected by the changes?
     
    The new leverage limits and negative balance protection rules only apply to Retail clients. Professional clients are not affected by the new changes.
     
    If you are classified as a retail client, and you meet 2 of the following 3 criteria, you may be eligible to opt up to become a Professional client.
    You have traded an average of 10 times in each of the last four quarters on CFDs, spread bets or forex in significant size (with FXOpen UK and other providers)
    You hold an investment portfolio (including cash savings and financial instruments) exceeding €500,000 (with FXOpen UK and other providers)
    You have worked for at least one year in the financial sector, in a position that has given you knowledge of Forex, CFD, or spread betting trading
     
    If you meet the requirements and want to enquire about opting up to a professional client status, contact your account manager or [email protected].
     
    If you have any questions regarding this please do not hesitate to contact us and we will be providing further updates on the changes over the coming weeks.
     
    Kind regards,
    The FXOpen UK Team

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.