Due to increased market volatility surrounding the UK’s EU referendum on 23 June, InterTrader Direct is temporarily increasing margin rates on some related markets.
Please refer to the table below for our temporary margin rates, which take effect from 23.59 (UK time) on 22 June. The new margins apply to both the web platform and MT4, and are designed to accommodate increased levels of risk:
|Market||Current margin||Temporary margin|
|GBP & EUR major forex pairs||1%||5%|
|GBP minor forex pairs||1%||5%|
|UK 100 index||0.5%||5%|
|All European indices||0.5%||4%|
|All FTSE 250 shares||5%||15%|
|All European shares||5%||20%|
Please make sure you are aware of the risk you are undertaking on individual trades during this period. If you have any queries please contact us at email@example.com or +44 (0)20 3364 5189 and we’ll be happy to help.
Note for web platform users
Please be aware that, from 23.59 BST on 22 June and only for the markets listed above, we will also be removing the capacity to reduce your margin requirement by attaching a stop-loss order. The full margin requirement will apply whether you have a stop attached to your position or not.
Again this is a temporary measure for your risk protection. Please ensure you have sufficient funds on your account by 22 June to cover the full margin requirements on affected markets.
What happens if I don’t have sufficient funds to cover the new margins?
If you have open positions on the affected markets when we change the margin requirements at 23.59 on 22 June, and you don’t have enough funds on your account to cover the new margin requirements, then your open positions will be closed automatically (in line with our Terms & Conditions). Please review your open positions and, if necessary, deposit funds to your account in advance of 22 June to keep your positions open.
How can I fund my account?
You can deposit funds to your account by bank transfer, by debit or credit card, or by Skrill. For details see our Funding Your Account page. But please note that in each case you should allow time for your deposit to be processed. We recommend making your deposit as soon as possible to ensure funds are in your account when the margin requirements change at 23.59 on 22 June.
When will the margins revert to normal?
We can’t give an exact date at present but margins will revert to our previous levels as soon as possible after volatility on the affected markets appears to subside.
Spread betting and CFD trading are leveraged products and as such carry a high level of risk to your capital which can result in losses greater than your initial deposit. These products may not be suitable for all investors. CFDs are not suitable for pension building and income. Ensure you fully understand all risks involved and seek independent advice if necessary.
InterTrader Direct is a trading name of InterTrader Limited. InterTrader Limited is authorised and regulated by the Gibraltar Financial Services Commission and registered with the Financial Conduct Authority (FCA) in the UK, ref 597312. Registered address: Suite 6, Atlantic Suites, Europort Avenue, Gibraltar.