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Follow on Google News | Important New Margin Requirements for All FXCM Micro ClientsBased on price fluctuations, all margin requirements are subject to change without notice and will be adjusted up or down in increments of $1.
By: FXCM Micro Below, you will see a comparison of the present USD margin requirements* Sales1023a On Sunday, November 22, FXCM LTD will be making changes to existing margin requirements for all account holders. Margin requirements will be increasing, particularly for currency pairs with EUR or GBP as the base currency. FXCM’s experience in Hong Kong, where significantly lower leverage levels (higher margins) are mandated by law, suggests that trading with lower leverage may assist clients in trading more successfully over an extended time period. The new margin requirements are intended to reduce risk by restricting traders from using excessive leverage. Below, you will see the a comparison of the present USD margin requirements* Sales1023b Based on price fluctuations, all margin requirements are subject to change without notice and will be adjusted up or down in increments of $1. At present, FXCM does not anticipate that margin requirements will have to be changed more than once a month. Up-to-date margin requirements are and will continue to be displayed in the “Simplified Dealing Rates” window of the trading platform by currency pair. *VIEW A FULL LIST OF THE NEW MARGIN REQUIREMENTS BY ACCOUNT DENOMINATION FXCM LLC (Micro): http://www.forexmicrolot.com/ FXCM LTD ( Micro): http://www.forexmicrolot.com/ Important Notice * All positions and orders established after November 22nd will be subject to the above margin requirements. * Additionally, open trades and active orders initiated prior to November 22nd will also be subject to the new margin requirements. We recommend WATCHING THIS VIDEO to determine if you have sufficient margin to prevent positions from being liquidated. FXCM LLC (Micro): https://admin.na6.acrobat.com/_ FXCM LTD ( Micro): https://admin.na6.acrobat.com/_ Visit our Online Margin Help Center for more detailed information, frequently asked questions, and steps you can take to prepare for this change. FXCM LLC (Micro): http://forexforums.dailyfx.com/ FXCM LTD (Micro): http://forexforums.dailyfx.com/ Why Lower Leverage Is Important The combination of high leverage and volatile currencies can be extremely dangerous. Accounts that trade volatile pairs, such as GBP/USD and GBP/JPY, with the maximum amount of leverage tend to have less positive performance. On the other hand, traders that focus on less volatile currency pairs, such as USD/JPY and AUD/USD, and use more conservative leverage may benefit from the reduced risk that accompanies trading on lower leverage. When trading volatile currencies with high leverage, one bad trade can wipe out the profits from many good trades. By trading with less leverage, a trader can reduce the risk of a big drawdown from one bad trade. If you have any questions, you can access FXCM Micro's extensive online self-help support center 24 hours a day, 7 days a week. http://www.forexmicrolot.com/ FXCM Holdings LLC Facts As of June 2009 • FXCM Holdings LLC has over $100 million in capital. • More than 150,000 live accounts trade on platforms offered by FXCM. • An average of $365 billion in notional volume is traded each month on platforms offered by FXCM. • More than $600 million in customer funds trading on platforms offered by FXCM. Risk Warning: Currency trading involves substantial risk of loss, read full disclosure Please keep in mind that without proper risk management, high degree of leverage can lead to large losses as well as gains End
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