Important: Temporary Changes to Margins, Spreads & Guaranteed Stop Loss Orders

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Financial Spreads: Spread Betting and CFD Trading
Important: Temporary Changes to Margins, Spreads & Guaranteed Stop Loss Orders

Important: Temporary Changes to Margins, Spreads & Guaranteed Stop Loss Orders


On Thursday 23 June the UK will vote on whether to remain a member of the European Union.

The referendum is an unprecedented event that is likely to cause volatility across global markets and market liquidity may weaken.

Markets could also gap (slip), both positively and negatively, across multiple instruments.

To address the potentially extreme volatility we are implementing the following measures.

All times listed are local London time (BST).



Forex Margins

Margin factors will change to those outlined below at 18:00, Wednesday 22 June.

MarketTemporary Margin Factor
EUR/AUD750
EUR/CAD725
EUR/CHF550
EUR/GBP400
EUR/HUF1500
EUR/JPY600
EUR/NZD800
EUR/USD550
EUR/ZAR850
EUR/AUD 750
MarketTemporary Margin Factor
GBP/AUD975
GBP/CAD920
GBP/CHF700
GBP/JPY775
GBP/NZD1000
GBP/USD725
GBP/ZAR1100






Forex Spreads

Spreads on forex markets will change from fixed to floating (variable) at 16:30, Thursday 23 June.


Stock Market Indices Margins and Spreads

Margin factors will change to the following at 18:00, Wednesday 22 June.

Index spreads will remain fixed but increase to the following sizes at 16:30, Thursday 23 June.

MarketTemporary Margin FactorTemporary Spreads
UK 1002002pts
Euro Stoxx902pts
Germany 303002pts (4pts from 16:30 to 21:00)
France 401302pts
Spain 3512758pts
Differentials3008pts



No New Guaranteed Stop Loss Orders

You will not be able to apply any new Guaranteed Stop Loss orders after 17:00, Friday 17 June.

If you have a Guaranteed Stop Loss on an open position prior to this time then your Guaranteed Stop will remain valid.


Orders Aware Margin

The 'Orders Aware Margin' slippage factor will be 90% from 17:00, Friday 17 June.


UK Shares Margins

Margins on individual UK shares remain unchanged except for the banking and insurance sectors where margins will increase to 10%.


Trading? Please Fund Your Account and Monitor Your Trades

If you have any open positions, or if you plan to trade, then please be aware of the potentially extreme volatility, possible markets gaps and increased margin requirements.

We recommend you monitor your positions carefully and maintain a sufficient account surplus, well above the minimum margin requirement, in advance of the above changes.


Returning to Normal Spreads, Margins and Guaranteed Stop Loss Orders

The above measures will remain in place until 17:00, Monday 27 June.

Should conditions allow we will endeavour to return to our normal settings before this time.


If you have any questions, please contact us.



Contact Customer Support

+44 (0) 203 301 0483
support@financialspreads.com

Also see:
73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Spread betting & CFDs trading are complex instruments & come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading these products with this provider. You should consider whether you understand how these products work & whether you can afford to take the high risk of losing your money. Click here to see the risk warning notice.