Ah, I’ve just received my push notification for the Upcoming Increase in Margin Requirements.
You require aprox 3080 in total margin, you already have 1232 so you require an additional 1848 to cover the new margin rate. 1848 will carry over from Free Funds to Blocked Funds. You shouldn’t need to deposit any additional funds today.
How will this compensation work?
Can you please elaborate.
Thank you
Just received a back dated push notification!!!.. well done T212.
@joeri.veenhuizen do you have any green positions? If yes why not just close them take the profit and see next week what happens.
I see you hold Tesla. It is at an all time high. Close it and come up with a new strategy next week when you risk might be a lot smaller.
Too many users are trying to keep their positions open instead of focusing on risk management and profitability.
@Racine91 just out of curiosity why not close get the profit and sit out the next couple of days with money in you pocket? Why risk it when you see there is strange market activity? Just asking don’t take this as financial advice
Looks like you won’t need to fund your account unless the price drops.
You will have less resilience to volatility though.
Still NO OFFICIAL Email notification. Legally aren’t they supposed to communicate in all channels?
Go T212 push that mass email button now. what a load of BS.
Closing or not is up to you. But you have plenty of margin so dont panic.
What turbulence are you talking about? Instead of vague remarks why don’t you educate your community…
The topic concerns only CFD accounts. Both Invest & ISA are not subject of the matter.
Ok great I was greatly misinformed I was told that for example say the value of my open position is £3000 it would decrease to £1500 at 15:30 today I take it that is not the case
Same here. Still would be nice if someone from T212 can clarify on this matter.
If I was to guess I would assume it’s vague so that most people who cannot get clarification will panic close solving the problem for them either way lol
Why are you encouraging people to close positions when there is no need for them too? There is no increase in market volatility that T212 are pointing too, they are just covering their own backs.
Unless T212 have a crystal ball ofc and can see a crash coming before market open Monday.
If you have the margin required in your account there is no need to close a profitable position today!
The result of the position will not be affected, the profit/loss will stay the same as it is.
Thanks for clarification
if i am in lose position with 5X leverage around 1K, when the leverage decrease, i won’t be deal with margin requierement. The automatic closure will be at 1:5 leverage or 1:2 leverage?
What the loss going to be, 1K with 1:5 leverage or less loss with 1:2 leverage?
I would suggest everyone take a snapshot of their account (in as much detail as possible) before and after 3:30GMT.