[fxcm] Cfd Provider Fxcm: New Lower Contract Sizes On Global Stock Indices, Oil And Gold - Forex Forum

October 20, 2009 by John Kicklighter · Leave a Comment

London, 20 October 2009 FXCM LTD (www.fxcm.co.uk) began offering CFD trading in addition to forex trading in September 2009 allowing traders to trade forex, global stock indices, oil and gold—all on one platform.

On 18 October 2009, FXCM LTD, in a continued effort to perfect the CFD product offering, reduced the minimum contract sizes on their global stock indices, gold and oil instruments. This means that less margin will be required on many CFD instruments in order to place a trade. Just like trading forex, traders will be able to put up less equity to trade their opinion on stock indices, oil and gold.



On Sunday, November 22, FXCM LTD will be making changes to existing margin requirements for all account holders as well. Margin requirements will be increasing, particularly for currency pairs with EUR or GBP as the base currency. FXCM’s experience in Hong Kong, where significantly lower leverage levels (higher margins) are mandated by law, suggests that trading with lower leverage may assist clients in trading more successfully over an extended time period. The new margin requirements are intended to reduce risk by restricting traders from using excessive leverage.

Below, you will see the a comparison of the present USD margin requirements* for some of our most popular currency pairs next to the new USD margin requirements that will take effect on November 22.



Based on price fluctuations, all margin requirements are subject to change without notice and will be adjusted up or down in increments of $10 for USD denominated accounts. At present, FXCM does not anticipate that margin requirements will have to be changed more than once a month. Up-to-date margin requirements are and will continue to be displayed in the “Simplified Dealing Rates” window of the trading platform by currency pair.