Just so you know if you read this and you trying to moderate us. This is awful what you doing this is peopleās hard earned money specially now COVID-19 we all trying to make our life better
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I sold some positions on the Invest side to free up funds in the CFD side. There should be about 1.5k in free funds for me to transfer. The app is saying there is nothing available.
So even closing positions isnāt freeing up cash.
Not sure if this has already been discussed. But I guess it is nice to see 212 took our feedback on board and created a help article for people struggling to calculate their new margin requirementsā¦
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Premarket seems to be open. In fact, itās rocking
I only use ISA though, so Iāve no idea if the underlying commodity premarket is the same as CFD premarket.
This is extremely sad, so many people will have their accounts completely wiped off and in most cases, losing only funds they have. How unfair that we were given such short notice
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Thanks, wow thatās a worry. Iāll have to lose quite a lot. I thought it meant the 25% position will close would move up to 50%!? Shocking changes with an hour to sort it!!? 
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So i have Ā£3000 live result I will have that but I will no longer be able to keep my position right?
It says on this article at the bottom:
N.B. Increased margin requirements will not affect position result!
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How can they do this to people, with such short notice?? Most of us will be losing the only money we have really, by our accounts here being completely wiped off
@Vesna Itād like to point out again that money will not be lost or wiped out. Position result (be that profit or loss) will not change.
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David can you help us to deposit funds? I canāt add more money?
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Positions that are in a loss will be forced to closed and losses realised.
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USE THIS FORMULA to calculate:
Greetings,
Thank you for reaching out!
In regards to the margin increase recently announced on our platform, we would like to share with you a few useful resources to help to find out the margin required to keep your positions open.
In the article āWhat does margin and blocked funds mean?ā you will find a brief explanation of what the margin is and how it works. The formula for calculating the margin for a specific position with CFDs on stocks is the following: (price x quantity) x margin requirement in %. Keeping in mind that the margin requirement will be increased to 50%, you just have to add the price and the quantity of your trade.
Letās see an example: if you have a position open with 16 CFDs on Momo Inc., currently traded at $14.94, the current margin requirement is ($14.94 x 16) x 5% = $11.952. With the upcoming change, the margin requirement would increase to ($14.94 x 16) x 50% = $119.52.
If you are unable to provide enough funds to keep your positions open, they will automatically close when the margin indicator drops below 25%; this could happen immediately after the margin requirement is increased. This article, What does the account status show? explains how exactly the status bar works and when your position would start closing.
Please do not hesitate to reach us should any further questions arise.
Kind Regards,
Thank you very much for your response, as Iām crying here. But is that not what your announcement said, that unless you have enough free funds to support your open positions for the new 1:2, the positions will close?
Your profits and loss will stay the same. The key thing is you need to increase the free funds in your account so you wonāt get margin called and force your positions close.
Well I cannot increase my free funds to 20k meaning all will be wiped out
@Vesna Will close at the profit or loss that theyāve already accumulated. But the result itself will not change.
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no problem at all
And I agree with you, however, itās almost impossible to be a beginner and understand what you are doing with CFD, or better, to understand the mechanisms by which CFD can screw you.
I blew my 1st CFD account, but it was a massive learning experience. Possibly the best thing that happened to me.
Dealing with CFD is like walking on a tightrope from my perspective, you are always one step away from death. You need to build all the correct safety measures before you take the next step (or open the next trade).
Iād rather lose an opportunity than compromise my margin position.
Thereās a real lack of risk management knowledge & practises around CFD (and possibly on purpose).
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The calculations you have provided earlier mean that unless I put another 18k into my acc, which I certainly do not have, you explain positions will automatically be closing
Yes but they close as if you closed them yourself i.e. the running profit/loss goes into your account - no money ādisappearsā.
As mentioned by David, that would be the case.
Anything showing profit, would close at a profit.
Anything showing a loss, would close at a loss.
Unless the margin can be met - ie: more money added, then the positions will close accordingly.