Agree it’s been a good run, took the bounce back loan and doubled it was hoping for much more but il take the 50k
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[CFD] Upcoming Increase in Margin Requirements
@chop It’ll apply only to stocks, nothing else.
Hope this helps ^ I found it, David mentioned this.
Yes so if you had 2 pounds blocked, it will turn into 5 pounds blocked. Divide by 2 then x5 that’s how much you need or positions will close
In reality 10K would keep all positions open with a mere 27% margin.
70K would bring the account to 50%.
My blocked funds are 8k and have only 2k free funds meaning all my positions will close?!!
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Correct you would need 20k now as blocked funds
I need some assistance to clarify this, Trading 212 should have given basic calculation when giving notice. Usually they give last min death notice.
Based on the CFD acc below.
Blocked funds
($1,317.46 x 5 = 6585.75) / 2 = 3292.86
However this 1:2 margin only applies to stock and not Indices and commodities rite?
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I should only cover Hyllion “Stock” under new margin of 1:2 margin and not worry much about Gold and SPX500.
Any advice will be helpful, it’s a friend acc.
To maintain your 54%, you just need to top up by $75,718.63
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- Calculate the value of the trade:
574.31 at current price right? so that’s £430 x 50 quantity that I have = £21,500 and that is the value of the trade. - See how much funds you need to have to cover 50% of the value of the trade:
Value of the trade = £21,500 x 0.5 = £10.750 and this is required margin - Check your current margin blocked for the trade:
I cannot figure it out how to calculate the last bit ???
Normally on trading hours it shows when market will open up but for American markets just saying ‘this market is closed’ will it definitely open up at half 2? For example Boeing is normally open at this time and isn’t now?
No pre-market trading today.
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Hmm so 2.30pm I can manually close all?
This risk adjustment is usually done around a big event… 15:30 is nothing major, unless you mean 14:30 when the US open?
It seems 212 is heavily overexposed to be able to justify moving stocks up 50%.
Looks like someone in the 212 risk department needs a bit of schooling, allowing it get to this.
I’ve just shared this with numerous brokers in the city and they all agree this is bang out of order and not professional.
Apparently the market is open though according to this link somebody shared. Here are the current premarket AMD trades: https://www.nasdaq.com/market-activity/stocks/amd/pre-market-trades
So is it open or not?
But 1:5 requires more funds than 1:2, is that not right?
Anyone having issues with withdrawals? Is this something to the with the increased margin? I have plenty of free funds to withdraw from now but CFD shows £0.00.
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1:5 = £1 buys you £5 worth of buying power.
1:2 = £1 buys you £2 worth of buying power.
So if you owned a stock worth £100, normally it would only mean you needed £20 as reserve margin, but with the new ratio - you would need £50.
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I’m seeing premarket prices on my US stocks on the Webull app
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Jep, i cannot withdraw my money. Very strange
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Google is also listing premarket prices for any stock you search for.