FXCM offers
clients a large selection of margin settings.
Due to recently modified market regulations, FXCM
is now able to offer approximately 200:1 leverage***
. The default margin setting provides approximately
100:1 leverage***, while at the lowest level of margin
available clients may elect to leverage their
account equity by a factor of 200.
What is the
lowest available margin?
Account
Type
Default
Margin Level
Lowest
Available
Margin Level
FXTSP
Mini Account
$50
Per Lot (*)
$50
Per Lot (*)
FXTSP
100K Account
$1000
Per Lot (**)
$500
Per Lot (**)
FXTSP
100K –
Interest Bearing
$2000
Per Lot
$2,000
Per Lot
(*) Not Available for accounts
over $50,000. For more information, see below*
(**) Not available for accounts over $100,000.
For more information, see below**.
Default
Margin Levels (*)
$300
to $50,000
$50
per lot
$50,001
to $100,000
$100
per lot
$100,001
to $500,000
$200
per lot
Default
Margin Levels (**)
$2,000
to $100,000
$1,000
per lot
$100,001
to $500,000
$2,000
per lot
$500,001
and above
$3,000
per lot
How to go
about changing your margin requirement:
You can apply to change
your margin requirement online, which will be
applied to your account based on account equity.
To increase or decrease your margin requirement,
please follow the steps below.
2) Login using the same username and password
as your FXTSP trading account.
3) Scroll over the "FORMS"' button
and click on "Change Margin."
4) You will be able to choose from several options.
Depending on your account balance, the margin
requirement can be as low as $50 per Lot for
FXTSP Mini Accounts and $500 per Lot for FXTSP
100K Accounts.
5) Once processed, you will receive an e-mail
confirming your new margin. The change will
be processed within one business day beginning
June 6, 2004.
6) We suggest that you update your contact information
while visiting MyFXCM. The information located
at www.myfxcm.com
will be used for all official contact between
you and the FXCM staff.
What margin level is required
in order to be eligible to receive interest?
In the No Dealing Desk you can earn positive rolls regardless of your margin level.
NOTE TO TRADERS
Once the margin change goes into
effect, the new margin requirement will affect
both existing and new positions. You should
closely monitor all existing positions to ensure
that if a higher margin requirement is selected,
immediate breach of the new margin requirement
will not result, as this may require open positions
to be closed. Also be advised that the margin
requirement is variable and may be changed at
any time at the sole discretion of the dealing
desk, based on account equity, simultaneous
open positions, and market volatility.
On a similar note, please note
that FXTSP always recommends the use of stop-loss
orders for risk management. The margin requirement
should not be used as a substitute for a risk
management system. Using a low margin requirement
increases the amount of leverage, which allows
the trader to place larger positions with the
same amount of capital. However, no one can
guarantee profits or freedom from loss.
If you have any questions, please
feel free to contact the FXCM staff at (212)
897-7660 or Toll Free at 1-866-600-3926 (US
Only).
***Without proper risk management, this high degree of leverage can lead to large losses as well as gains
