Retail Forex broker FxPro has announced a set of changes to trading conditions regarding Spot Indices and Energies.
As of Friday, January 29, 2016, the broker will be introducing dynamic leverage across MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on Spot Indices. It will also be adjusting the current tiers on Spot Energies and Energy Futures.
These changes will also apply to existing positions, so the company asks its clients to ensure that they have sufficient margin to cover their existing positions in these instruments.
In addition, margin requirements for the above-mentioned instruments on FxPro cTrader platform will be increased to 1% for all symbols with a margin requirement that is currently below 1%. The new requirements will not apply to existing positions, only to those that are placed from January 29, 2016, onwards.
You can find details about the new leverage rules by clicking here.
The announcement from FxPro on the pending changes can be viewed by clicking here.