Indices & Financials Margins

The margin can be derived by multiplying the price level of the index or commodity with its point value (see our contract specifications table). This total is the contract value to which the leverage is applied. Then the total is converted into the account’s currency (with the current exchange rate).

Cash Indices

Symbol Leverage according to position (lots)
GER30 0-1000 lots 1000-2000 lots >2000 lots
1:400 1:200 1:100
FRA40 0-500 lots 500-1000 lots >1000 lots
1:400 1:200 1:100
UK100 0-500 lots 500-1000 lots >1000 lots
1:400 1:200 1:100
USA500 0-2500 lots 2500-5000 lots >5000 lots
1:400 1:200 1:100
USAIND 0-250 lots 250-500 lots >500 lots
1:400 1:200 1:100
USATEC 0-1000 lots 1000-2000 lots >2000 lots
1:400 1:200 1:100
EURO50 0-500 lots 500-1000 lots >1000 lots
1:400 1:200 1:100
ESP35 0-500 lots 500-1000 lots >1000 lots
1:200 1:100 1:50
Symbol Leverage according to position (lots)
BRA50MMMYY 0-200 lots 200-400 lots >400 lots  
1:200 1:100 1:50  
ITA40MMMYY 0-50 lots 50-100 lots >100 lots  
1:200 1:100 1:50  
USATECMMMYY 0-50 lots 50-100 lots >100 lots  
1:400 1:200 1:100  
GER30MMMYY 0-40 lots 40-80 lots >80 lots  
1:400 1:200 1:100  
ESP35MMMYY 0-50 lots 50-100 lots >100 lots  
1:200 1:100 1:50  
FRA40MMMYY 0-50 lots 50-100 lots >100 lots  
1:400 1:200 1:100  
GERTECMMMYY 0-50 lots 50-100 lots >100 lots  
1:200 1:100 1:50  
EURO50MMMYY 0-50 lots 50-100 lots >100 lots  
1:400 1:200 1:100  
JP225MMMYY 0-50 lots 50-100 lots >100 lots  
1:400 1:200 1:100  
NETH25MMMYY 0-25 lots 25-50 lots >50 lots  
1:400 1:200 1:100  
USARUSMMMYY 0-50 lots 50-100 lots >100 lots  
1:400 1:200 1:100  
SWI20MMMYY 0-50 lots 50-100 lots >100 lots  
1:200 1:100 1:50  
USA500MMMYY 0-50 lots 50-100 lots >100 lots  
1:400 1:200 1:100  
UK100MMMYY 0-50 lots 50-100 lots >100 lots  
1:400 1:200 1:100  
USAINDMMMYY 0-50 lots 50-100 lots >100 lots  
1:400 1:200 1:100  
Symbol Leverage according to position (lots)
USAVIXMMMYY 0-100 lots 100-200 lots 200-1000 lots >1000 lots
1:400 1:200 1:100 1:50
EUBTPMMMYY 0-10 lots 10-25 lots 25-200 lots >200 lots
1:400 1:200 1:100 1:50
USATBMMMYY 0-100 lots 100-200 lots >200 lots  
1:400 1:200 1:100  
USDBRLMMMYY 0-50 lots 50-100 lots 100-250 lots >250 lots
1:400 1:200 1:100 1:50
USDINDMMMYY 0-100 lots 100-200 lots >200 lots  
1:400 1:200 1:100  
EUBUNDMMMYY 0-100 lots 100-200 lots >200 lots  
1:400 1:200 1:100  
EUBBLMMMYY 0-100 lots 100-200 lots >200 lots  
1:400 1:200 1:100  
EUSTZMMMYY 0-100 lots 100-200 lots >200 lots  
1:400 1:200 1:100  

Close-out level for client accounts is set at 30%



ActivTrader Platform will display the exact margin requirement for each position that clients intend to open.

Please find below the Used Margin thresholds for customers with ActivTrader platform. If the used margin in client’s accounts exceeds the thresholds set below, the respective coefficient will be applied to the leverage for each of the trading instruments, for the part of the position exceeding the threshold itself.

Used Margin EUR Coefficient
150k – 300k 0.5
>300k 0.25

Used Margin USD and CHF Coefficient
180k – 360k 0.5
>360k 0.25

Used Margin GBP Coefficient
130k – 260k 0.5
>260k 0.25


Example:

A client with EUR account and leverage 1:400 has Long position for 340 lots EURUSD.

Margin requirement for this position is 140 000 EUR

  • 50 000 EUR for the first 200 lots with 1:400 leverage
  • 50 000 EUR for the next 100 lots with 1:200 leverage
  • 40 000 EUR for the final 40 lots with 1:100 leverage

The next trade Buy 20 lots EURUSD will consume 30 000 EUR margin

  • 10 000 EUR for the first 10 lots – bringing the Used margin to 150 000 EUR
  • 20 000 EUR for the next 10 lots – leverage 1:50 (coefficient 0.5 applied to 1:100 leverage)

A client can have positions in different instruments that again bring the used margin above the thresholds
specified.

A client with EUR account and leverage 1:400 has Long position for 90 lots Ger30 (at price 11000)
and Short position in GOLD for 100 lots (at price 1380).

Total used margin requirement is 140 000 EUR

  • 27 500 EUR for Long position for the first 40 lots in Ger30 at 1:400 leverage
  • 55 000 EUR for Long position for the next 40 lots in Ger30 at 1:200 leverage
  • 27 500 EUR for Long position for the final 10 lots in Ger30 at 1:100 leverage
  • 34 500 USD Short position in GOLD for 100 lots at 1:400 leverage (30 000 EUR at EURUSD = 1.1500)

The next trade Buy 80 lots EURUSD will consume 30 000 EUR margin

  • 10 000 EUR for the first 40 lots at leverage 1:400 – bringing the Used margin to 150 000 EUR
  • 20 000 EUR for the next 40 lots – leverage 1:200 (coefficient 0.5 applied to 1:400 leverage)

If a client has more than 1 account, the Used margin thresholds are reduced proportionately to the number of
accounts. Thus a client with 2 accounts in EUR will have Used margin EUR threshold for each of the accounts reduced
by half.

ActivTrader Platform will display the exact margin requirement for each position that clients intend to open.

Maintaining Positions for Cash Indices

Long positions held overnight will be debited with swaps, calculated based on 3-month interbank rate plus 1.75%.

Short positions held overnight will be credited with swaps, calculated based on 3-month interbank rate minus 1.75%.

In case 3-month rate is less than 1.75%, short positions will be debited the resulting swap calculation.

Please note that the Cash indices may be subject to dividend adjustments in order to reflect the cash payments of the constituent stocks within the index. These payments cause the value of the index to drop as its price is calculated from the value of the stocks within it.
The dividend adjustments will be applied 1 hour before the market open on the ex-dividend date in order to take into account the downward price movement of the underlying cash index. We will apply Dividend points as estimated by Bloomberg, rounded to the nearest hundredth, and recalculate the amount on a standard Lot (Contract) basis.
The dividend adjustments will be positive for clients holding long positions and negative for those holding short. The calendar with the expected daily adjustments will be published in the Dividend Adjustments section on our timetable page.

 

Note: Due to regulatory restrictions imposed by national regulatory bodies, the short selling of the ITA40, FRA40 and ESP35 stock indices is currently prohibited.

The restrictions imposed by each regulatory body are due to expire as follows:

  • Italy (CONSOB):                June 18th
  • Spain (CNMV):                 April 17th
  • France (AFM):                   April 16th

We will update this information if there are any changes to these measures or if there is an extension of the restrictions.

The margin requirement for CFDs is variable and depends on two factors: (1) the chosen account leverage and (2) the contract value of the CFD. The initial margin is determined at the time the position is opened.

The margin can be derived by multiplying the price level of the index or commodity with its point value (see our contract specifications table). This total is the contract value to which the leverage is applied. Then the total is converted into the account’s currency (with the current exchange rate).

Select Acc Equity € Max Leverage Margin % Close-out Level
≤ 50,000 1:400 0.25 30%
50,001 - 100,000 1:200 0.5 30%
100,001 - 250,000 1:100 1 30%
> 250,000 Upon Request 100%

 

Indices
Point Value
Tick Value
Margin Requirement
Hedged
Max Leverage
GER30
1 EUR
0.01 EUR
- EUR
- EUR
1:400
FRA40
1 EUR
0.01 EUR
- EUR
- EUR
1:400
UK100
1 GBP
0.01 GBP
- GBP
- GBP
1:400
USA500
1 USD
0.01 USD
- USD
- USD
1:400
USAIND
1 USD
0.01 USD
- USD
- USD
1:400
USATEC
1 USD
0.01 USD
- USD
- USD
1:400
EURO50
1 EUR
0.01 EUR
- EUR
- EUR
1:400
ESP35
1 EUR
0.01 EUR
- EUR
- EUR
1:400
Indices
Point Value
Tick Value
Margin Requirement
Hedged
Max Leverage
BRA50MMMYY
0.2 BRL
1 BRL
- BRL
- BRL
1:150
ESP35MMMYY
10 EUR
10 EUR
- EUR
- EUR
1:200
EURO50MMMYY
10 EUR
10 EUR
- EUR
- EUR
1:200
FRA40MMMYY
10 EUR
5 EUR
- EUR
- EUR
1:400
GERTECMMMYY
10 EUR
5 EUR
- EUR
- EUR
1:100
GER30MMMYY
25 EUR
12.5 EUR
- EUR
- EUR
1:400
ITA40MMMYY
5 EUR
25 EUR
- EUR
- EUR
1:200
JP225MMMYY
5 USD
25 USD
- USD
- USD
1:200
NETH25MMMYY
200 EUR
10 EUR
- EUR
- EUR
1:200
SWI20MMMYY
10 CHF
10 CHF
- CHF
- CHF
1:200
UK100MMMYY
10 GBP
5 GBP
- GBP
- GBP
1:400
USA500MMMYY
50 USD
12.5 USD
- USD
- USD
1:400
USAINDMMMYY
5 USD
5 USD
- USD
- USD
1:400
USARUSMMMYY
50 USD
5 USD
- USD
- USD
1:400
USATECMMMYY
20 USD
5 USD
- USD
- USD
1:400
Indices
Point Value
Tick Value
Margin Requirement
Hedged
Max Leverage
EUBUNDMMMYY
1000 EUR
10 EUR
- EUR
- EUR
1:400
EUBBLMMMYY
1000 EUR
10 EUR
- EUR
- EUR
1:400
EUSTZMMMYY
1000 EUR
5 EUR
- EUR
- EUR
1:400
EUBTPMMMYY
1000 EUR
10 EUR
- EUR
- EUR
1:100
USATBMMMYY
1000 USD
31.25 USD
- USD
- USD
1:400
USDBRLMMMYY
10 BRL
0.5 BRL
- BRL
- BRL
1:80
USDINDMMMYY
1000 USD
5 USD
- USD
- USD
1:400
USAVIXMMMYY
200 USD
10 USD
- USD
- USD
1:100

Close-out level for client accounts is set at 30%


Please note that for customers carrying larger net positions on the above instruments, we reserve the right to multiply the above margin requirements as follows:

Intraday:

100-250 LOTS > 250 LOTS
X2 X4

Overnight(*):

10-25 LOTS > 25 LOTS
X2 X4

(*) Applicable 1 hour before the closing.
ActivTrades reserves the right to change margins at any times following market conditions.
Please note, different margins apply to institutional clients.
Margins are calculated mark-to-market. The margins presented on this page are for information purposes only and based on the closing prices of the previous trading day.

Maintaining Positions for Cash Indices

Long positions held overnight will be debited with swaps, calculated based on 3-month interbank rate plus 1.75%.

Short positions held overnight will be credited with swaps, calculated based on 3-month interbank rate minus 1.75%.

In case 3-month rate is less than 1.75%, short positions will be debited the resulting swap calculation.

Please note that the Cash indices may be subject to dividend adjustments in order to reflect the cash payments of the constituent stocks within the index. These payments cause the value of the index to drop as its price is calculated from the value of the stocks within it.
The dividend adjustments will be applied 1 hour before the market open on the ex-dividend date in order to take into account the downward price movement of the underlying cash index. We will apply Dividend points as estimated by Bloomberg, rounded to the nearest hundredth, and recalculate the amount on a standard Lot (Contract) basis.
The dividend adjustments will be positive for clients holding long positions and negative for those holding short. The calendar with the expected daily adjustments will be published in the Dividend Adjustments section on our timetable page.

 

Note: Due to regulatory restrictions imposed by national regulatory bodies, the short selling of the ITA40, FRA40 and ESP35 stock indices is currently prohibited.

The restrictions imposed by each regulatory body are due to expire as follows:

  • Italy (CONSOB):                June 18th
  • Spain (CNMV):                 April 17th
  • France (AFM):                   April 16th

We will update this information if there are any changes to these measures or if there is an extension of the restrictions.

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