We are delighted to introduce new lower spreads & margin requirements that will further enhance your trading experience with us.
Please see the below table for a full list of our new & exciting lower spreads on a large number of Forex pairs & instruments. These following spreads are already effective on our trading platforms.
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MMA is also introducing margin requirements in percentage for non-FX CFD
contracts.
Margin requirement will now be changed to a price
specific % value (instead of fixed amount per lot) for each individual
instrument.
Margin requirements are now lower for most instruments as a result of this
change.
For more information, and for any related questions, do not hesitate to contact MMA FX Customer Service.
See below for examples of how NEW % Margin will be calculated:
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Example 1:
Account base currency: USD
Crude oil rate: $75.46
Margin: 1.0%
Trader buys 1000 barrels of crude.
Margin Required:
1,000 (no. barrels) * 75.46 (price) * 0.010 (% margin) = $754.60.
Example 2:
Account base currency: USD**
S&P500 rate: 1132.50
Margin: 0.5%
EUR/USD: 1.3320
Trader buys 100 indexes of S&P500.
Margin Required:
100 (no. indexes) * 1132.50 (price) * 0.005 (% margin) = $566.25.
** If the base currency of the account is EUR => then this USD amount needs to be converted to EUR:
ie: $566.25 / 1.3320 (EUR/USD rate) = €425.11.
Example 3:
Account base currency: USD
DAX rate: 6229.50
Margin: 2%
EUR/USD: 1.3304
Trader buys 30 indexes of DAX30.
Margin Required:
30 (no. indexes) * 6229.50 (price) * 0.02 (% margin) * 1.3304 (rate) = $4972.63.
Example 4:
Account base currency: EUR
FTSE100 rate: 5520.50
Margin: 2%
EUR/GBP: 0.8517
Client sells 50 indexes of FTSE100.
Margin Required:
50 (no. indexes) * 5520.50 (price) * 0.02 (% margin) / 0.8517 (rate) = €6481.74.
***All margins are based on the current market rates of the instruments