The European Securities and Markets Authority (ESMA) have announced that they will introduce new measures relating to trading in FX and Contracts for Difference (CFD) for retail clients.
SVS Securities plc, as a company authorised and regulated by the Financial Conduct Authority, are obligated to adopt these new measures. This will mean that the trading conditions of your account will change and you should consider carefully how they affect your trading strategy going forward.
The changes will be applied to your trading account on Sunday 29th July 2018.
|Description||MT4 Symbol||Open Positions||New Positions|
|Max Leverage||Margin||Max Leverage||Margin|
|Australian Dollar to Canadian Dollar||AUDCAD||1:400||0.25%||1.20||5.00%|
|Australian Dollar to Swiss Frank||AUDCHF||1:400||0.25%||1.20||5.00%|
|Australian Dollar to Japanese Yen||AUDJPY||1:400||0.25%||1.20||5.00%|
|Australian Dollar to New Zealand Dollar||AUDNZD||1:400||0.25%||1.20||5.00%|
|Australian Dollar vs Singapore Dollar||AUDSGD||1:400||0.25%||1.20||5.00%|
|Australian Dollar to US Dollar||AUDUSD||1:400||0.25%||1.20||5.00%|
|Canadian Dollar to Swiss Frank||CADCHF||1:400||0.25%||1.30||3.33%|
|Canadian Dollar to Japanese Yen||CADJPY||1:400||0.25%||1.30||3.33%|
|Swiss Franc to Hungarian Forint||CHFHUF||1:400||0.25%||1.20||5.00%|
Please see the table below.
|Changes to trades already open before 29/7/2018|
All open trades will be automatically migrated to the symbols with .'dot' extension.
These symbols will be 'close-only'. You are not able to open new trades.
|Changes for new trades opened after 29/7/2018|
You will still be trading the same symbols as before the changes but with the new leverage limits applied.
DETAILS OF PRICING:
SVS Securities Plc. Registered in England and Wales no. 04402606. Registered Office: Princes Court, 7 Princes Street, London, EC2R 8AQ. Authorised and regulated by the Financial Conduct Authority, Firm No. 220929. A Member of the London Stock Exchange and a HM Revenue & Customs Approved ISA Manager.
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