Exclusive: GMO’s Z.com Trade raises leverage on major FX pairs trading to 200x


Z.com Trade FX leverage

LeapRate Exclusive… LeapRate has learned that Z.com Trade, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177) has issued a notice to clients that it will be changing trading conditions on a number of products and accounts.

The changes at Z.com Trade will become effective next Monday, December 18.

The key changes will involve major FX currency pairs. Z.com Trade will be raising allowed leverage to 200x on EURGBP, EURJPY, GBPJPY, and USDCAD, with required margin decreased from 1% to 0.5%.

Z.com Trade will also be raising max leverage on certain indices to 200x, including US30 and DE30. Leverage on less liquid indices including AUS200, FRANCE40, HK50, JP225, SPAIN35, UK100, US500 and USTEC100mini will be raised to 100x.

The broker will also be cutting spreads in its Classic Account for a number of FX pairs including EURUSD (spread cut from 2.0 to 1.5 pips), and GBPUSD (from 2.3 to 1.5). The spread changes are already in effect.

The full notice sent out by Z.com Trade reads as follows:


Product Spec Changes

13 Dec 2017

Hello,

Thank you for trading with Z.com Trade.

We are pleased to announce the following product improvements which will be made from the opening of the trading session on Monday 18th December 2017.

Leverage for EURGBP, EURJPY, GBPJPY, USDCAD will be increased to 1:200 (Required margin decrease from 1% to 0.5%)

Leverage for US30 will be increased to 1:200 (Required margin decrease from 1.5% to 0.5%).

Leverage for DE30 on the ECN account will be increased to 1:200 (Required margin decrease from 1% to 0.5%). Please note that the DE30 leverage on the Classic account is already 1:200.

Leverage for AUS200, FRANCE40, HK50, JP225, SPAIN35, UK100, US500 and USTEC100mini will be increased to 1:100 (Required margin decrease to 1% from current values).

The ITALY40, SWISS30, STOXX50, NED25, and existing USTEC100 products will be discontinued and removed from the system to make way for new products. If you have any open positions on these products as of the close of the market’s trading hours on Friday 15th December, these positions will be automatically closed out.

The USTEC100mini product will renamed “USTEC100″. If you have any open positions on this product, your position will be maintained under the new product name.

New products will be added – NZDCHF, NZDCAD and US Dollar Index (DXY). More new products in additional asset classes will also be added soon!

Maximum order size for Indices products will be increased to 100 lots (currently 50).

Maximum order size for FX products on the Classic Account will be increased to 50 lots (currently 20).

Classic Account – Reduced Spreads (available now!)

Please also be advised that we have reduced spreads on our Classic Account for FX majors, and this change is already in effect.

Please refer to the table below for the new spreads offered on our Classic Account.

ProductPrevious SpreadNew Spread
EURUSD.c2.01.5
GBPUSD.c2.31.5
USDJPY.c2.01.6
AUDUSD.c2.01.5
EURCHF.c2.41.8
EURGBP.c2.21.4
EURJPY.c2.01.6
GBPJPY.c2.31.6
USDCAD.c2.21.9
USDCHF.c2.21.6

If you have any questions about our services, please do not hesitate to contact us and we will be happy to assist you.

Kind regards,

Client Services Department

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Exclusive: GMO’s Z.com Trade raises leverage on major FX pairs trading to 200x

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