Restrictions introduced by ESMA will affect your trading.
As you may be aware, the European Securities and Markets Authority (ESMA) has recently adopted a number of measures in relation to the provision of CFDs to retail clients by financial institutions across EU Member States and countries of the EEA.
As a regulated firm, IronFX is committed to adhere to the rules issued by the competent regulatory authorities at all times.
The key rule changes that take effect on 30 July 2018 are set out below.
|Instrument Type||ESMA Margin|
|Major FX Pairs||30:1|
|Minor FX Pairs||20:1|
MARGIN CLOSE OUT RULE
The margin stop out level on an account level will be set to 50%.
If the account maintains a margin stop out higher than 50% it will not be affected.
You are urged to review your account balance and take any actions required to keep any open positions unaffected.
PROMOTIONS / TRADING BONUSES
As part of the ESMA measures and effective 1 August 2018 any promotional schemes and trading bonuses will no longer be available.
The ESMA rules do not impact professional clients. You can apply to have your categorization changed to elective professional client by using the below link.
Clients that do not meet the eligibility criteria of professional client will be subject to the ESMA restrictions.
Should you require any additional clarifications please contact your Account Manager or the Company.