Due to new regulations from ASIC, we’ve increased our minimum margin rates for new positions. You can find out more about these rules, and how they’ll affect your trading, on our website.
The following margin policy changes have also come into effect:
- If you open any new offsetting positions (where you are long and short on the same market), then you will be required to cover the full margin on both legs. Positions opened before 27 March 2021 will be unaffected
- Any position rolled over from before 27 March 2021 will be subject to the new minimum margin rates. If you do not have sufficient funds to support the new positions at the increased rates, your positions will be at risk of closure
- Any new position will not benefit from a margin reduction as a result of adding a guaranteed, or a non-guaranteed stop
These changes do not apply to Pro clients.
If you have high levels of trading experience, and the required net assets/income, you may be eligible for a Pro Level 1 or 2 account.
If you think you may be eligible, you can elect to be categorised as wholesale in three steps:
- Log in to your IG account
- Follow the prompts
- Answer the questions
If you can’t see the prompt, go to ‘settings’ > ‘client and account status’ on desktop, or the 'accounts' area in-app.
Please note as a Pro client, you will not be entitled to certain protections normally afforded to retail clients. For example, you will not receive a Product Disclosure Statement (PDS), and AFCA (our external dispute resolution scheme) will have discretion to exclude complaints from wholesale clients.
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