Introducing increased leverage for precious metals from Monday 28th September 2009
As part of our commitment to delivering the best possible trading terms to our clients, we will be introducing floating leverage for clients trading Gold and Silver in one week’s time.
From Monday 28th September 2009 margin requirements on open positions will be reduced to 1% for the first 20 lots of an open position, 2% for the next 30 lots (between 20.1 and 50 inclusive) and 5% on any amount above 50 lots.
For hedged positions we will require half of the normal margin requirement for each side.
| Floating leverage for precious metals | |||
| 1% | 2% | 5% | |
| Gold | ≤20 lots |
20.1 - 50 lots |
>50 lots |
| Silver | ≤20 lots |
20.1 - 50 lots |
>50 lots |
Example:
A client buys 60 lots of XAUUSD at a price of 1000.00
The total margin requirement will be USD130,000
| Lots | Troy oz. | Lots | Price (USD) | Margin | Margin Required |
| First 20 lots | 100 X | 20 X | 1000.00 X | 1% = |
USD20,000 |
| Next 30 lots | 100 X | 30 X | 1000.00 X | 2% = | USD60,000 |
| Final 10 lots | 100 X | 10 X | 1000.00 X | 5% = | USD50,000 |
| TOTAL | USD130,000 |
If you have any questions about these changes to our Terms of Business please contact Customer Services on +44 (0)20 7426 2900 or email support@alpari.co.uk
Alpari (UK)
