[CFD] Upcoming Increase in Margin Requirements - postponed for 01.12.2020

Show me where I defended it lol. If you look at my post history you will see I have not defended it.

e.g.

All I said was I do not believe you will get anywhere with demanding compensation on the leverage change matter - as technically there is no monetary loss plus as they wrote in their article its included in their terms.

Thanks for clarifying, David. This should be in bold in the official statement. :+1:t2:

Hope T212 isent in hard time, i love this app and platform way 2 much

Just posting this again to highlight just one of the crazy spreads yesterday

You said:

What if that requires more funds than you have available at very short notice and some of your positions are currently losing money? Losses don’t disappear either. However, they might disappear if given a little more time.

This isn’t helping, guys.

The only thing that would help if T212 pushed their decision to next week instead of tomorrow

@Cashurkash Everyone affected by this is in the process of being compensated.

If you have enough free funds to cover it but they’re in profits so theyre not available to withdraw, will you still be closed

Apple is 1.5 at the moment so it becomes 1.2 how would that effect say 100 shares
Thanks in advance

Could you explain why it happened? Could you explain why we weren’t informed?

Is this likely to happen again? Will we not be informed the next time, too?

@David What’s this “high market” volatility, i cant find any info regarding this

That isn’t defending it, and if you took it that way then apologies for the confusion.

That was my attempt at letting him know there is a possible way at preventing positions from closing, in case he thought there was nothing he could do. I was not saying that there is no issue because all you do is top-up a few more ÂŁÂŁÂŁ.

To make it clear, I also think the situation is a joke - I do not support or defend it (is that clear enough for you now??)

Agreed, is there anyway you can push it back to Tuesday so we can plan exits on Friday if the stock permits or Monday?

Can you please clarify this point @David? We have had a mega thread on your spread increase - are you saying I will be compensated for the margin call I suffered from the T212 induced volatility?

@David I’m new to trading so I need a bit of insight from those of you who are experienced:
My account is sitting at 69% with ÂŁ5222.93 (Free Funds) and ÂŁ4,302.24 (Blocked funds)
I am in the Green with all my trades in the stocks I invest in…

How will this change of margin effect my account specifically? IS it best I close my positions in this situation? If I do not close, will my current Profit (green) Disappear?

If anybody can put it in layman terms that’d be great help as I don’t want to lose what small fortune I have.

Could someone help me? How much am I looking to need to add to my account if i wanted to keep my positions?

I have a question, am i safe now?

Fair enough mate. Sorry for having a go at you. It’s been a very stressful couple of days, but I shouldn’t have taken it out on you.

Look at the amount of people that need help to determine where they stand tomorrow with 24 hours notice, this is nothing short of predatory behaviour on retail clients from T212 on an astronomical scale.