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Important changes to Trading Conditions

March 14, 2016

Dear Trader,

Our Admiral.Markets and Admiral.Prime accounts already give trading access to major currency pairs plus CFDs on stock indices, metals, energies, shares and bonds. But we believe in consistently striving to give you the most competitive trading terms, so we are now offering even better trading conditions.

That's right. From the session opening Monday March 28 2016, our CFDs on indices and commodities will be more:

  1. accessible, via reduced margin requirements and contract size
  2. cost effective, via reduced spreads.

Leverage enhancements

The leverage rate on most popular indices, commodities and CHF currency pairs will scale up to 1:200, making these instruments more accessible for our traders.

Leverage rates per instrument and account type


Instrument

Leverage rates

Admiral.Markets

Admiral.Prime

Currency pairs with CHF

1:200, 1:80, 1:40, 1:10

1:200, 1:100, 1:50

Gold, Silver

1:200, 1:80, 1:40, 1:10

Not applicable

XAU/USD-ECN, XAG/USD-ECN, XAU/AUD-ECN

Not applicable

1:200, 1:100, 1:50

Brent CFD, WTI CFD

1:200, 1:80, 1:40, 1:10

Not applicable

[DAX30], [DJI30] and other cash CFD Indices

1:200, 1:80, 1:40, 1:10

Not applicable


Please note:

  1. Account balance brackets for the listed leverage values will remain the same as our current Forex instruments (see our Forex margin requirements). For example, an account with 1000 EUR balance, will be provided with the leverage 1:500 for EUR/USD and 1:200 on Gold, Brent plus DJI30 CFD.
  2. Please check your account's free margin before the changes take place, as the new leverage will be applied to all open positions. The latter will depend on your trading account's balance and respective brackets listed in our Forex margin requirements.


Contract size specifications

A number of popular index CFDs from ou r product list, will be given the minimal contract sizes available. This makes these instruments more accessible and allows you to more effectively manage your trading accounts.

New contract size values

Symbol

Current contract size

New contract size

[HSI50]

10 index levels

1 index level

[JP225]

100 index levels

10 index levels

[NQ100]

10 index levels

1 index level

[SP500]

25 index levels

1 index level

WTI

100 barrels

No changes to new contract size


Please note:

  1. Open positions and pending orders on instruments listed above, will be adjusted to reflect the new contract size on the session opening Monday March 28. For example, 1.0 lots of SP500 held on the Friday March 25 session close, will be converted to 25.0 lots according to the table above.
  2. Adjustments of open trades and pending orders will only reflect the change of the new contract size - not the point value or notional trade value of the selected instruments.

Spread reductions

A number of index and commodity CFDs may get significant spread reductions. This reduction may reduce your spread related costs, making these instruments more appealing to traders.

Spread reductions by instrument

Symbol

Approximate spread reduction

[ASX200]

up to -30%

[CAC40]

up to -30%

[FTSE100]

up to -30%

[HSI20]

up to -20%

[IBEX35]

up to -20%

[JP225]

up to -20%

[SP500]

up to -30%

[STOXX50]

up to -30%

WTI, Brent

up to -30%


Changes to our trading hours

To provide the above-noted improvements, we will need to make liquidity pool changes. We will therefore be updating our trading hours on the listed instruments below.

Time changes by instrument

Symbol

Trading hours, EET

[ASX200]

01:00 Mon - 23:00 Fri, recess 00:00 - 00:05

[CAC40]

09:00 - 23:00 Mon - Fri

[DAX30]

01:00 Mon - 23:00 Fri, recess 00:00 - 00:05

[FTSE100]

09:00 - 23:00 Mon - Fri

[HSI50]

03:15 - 17:45 Mon - Fri

[IBEX35]

10:00 - 21:00 Mon - Fri

[JP225]

01:00 Mon - 23:00 Fri, recess 23:15 - 02:00

[NQ100]

01:00 Mon - 23:00 Fri, recess 23:15 - 23:30, 00:00 - 01:00

[SP500]

01:00 Mon - 23:00 Fri, recess 23:15 - 23:30, 00:00 - 01:00

[STOXX50]

09:00 - 23:00 Mon - Fri

Brent

03:00 - 24:00 Mon - Fri

WTI

01:00 Mon - 23:00 Fri, recess 00:00 - 01:00

Swap updates

The anticipated changes to our liquidity pool, require us to update our current swap rates and measure units too.

Swap updates by instrument

Symbol

Swap value (short)

Swap value (long)

Swap value unit

[ASX200]

-0.275

-5.275

Interest rate

[FTSE100]

-0.19

-0.53

GBP

[HSI50]

1.392

-2.808

Interest rate

[IBEX35]

1.48

-2.71

Interest rate

[JP225]

-7.9

-14.5

JPY

[NQ100]

-0.12

-0.36

USD

[SP500]

-0.006

-0.116

USD

[STOXX50]

-0.1

-0.21

EUR

Brent

2.78

-2.93

Pips

WTI

8.00

-8.15

Pips

We are planning to further expand our CFD instrument product range, so please stay tuned for more information.

Yours sincerely,

Admiral Markets

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