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FXCM Account Update:

FXCM Account Update:. After February 28, 2014 , the lot size of most index and commodity CFDs will drop to 1/10 the current size. example:.

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FXCM Account Update:

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  1. FXCM Account Update: After February 28, 2014, the lot size of most index and commodity CFDs will drop to 1/10 the current size.

  2. example: • You open a US30 position today:Currently, one lot equates to a $1 profit/loss for each price tick. FXCM requires a $90 margin deposit for each lot traded on a USD-denominated account. • You open the same position after February 28:After February 28, one lot will equate to $0.10 profit/loss for each price tick, because the pip cost is 1/10 its current amount. The required margin is now only $9 USD.

  3. What is affected? • USOIL: • USOil has a $200 margin requirement for each lot with $1 pip cost. • After February 28, each lot requires only $20 margin and the pip cost is reduced to 10 cents.

  4. What about open positions?: • You open 2 lots of NAS100 on January 1, which has a 100-point profit, equating to a $200 USD profit. How does your existing position appear after February 28, 2014?

  5. recap: • After February 28, 2014, the lot size for most index and commodity CFDs will reduce to 1/10 the size they are today. • If you have any open positions at the time of the change, you’ll see your lot size increase by 10 to ensure that your profit/loss remains accurate. What’s next? • Open a Trading Station or MetaTrader demo account. • Visit the Frequently Asked Questions on our forums.

  6. Risk disclaimer • Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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