[B]Updated USD Margin Requirements 4/29/2011:[/B] This information was sent to all FXCM US and FXCM UK accounts denominated in USD. Please be aware in case you have not read the email (We know how distracting the Royal Wedding can be). Margin requirements for USD denominated accounts will be adjusted at market close on Friday, April 29th due to recent price fluctuations in the US Dollar. It is important to monitor your usable margin closely, making sure it does not fall below zero. Here is a table of the new margin requirements for accounts on 200:1 leverage with FXCM UK when trading a mini lot of 10k for the specified currency pair:
If your account is with FXCM US, multiply the amount by 4 to get the margin requirement for a 10k lot at 50:1 leverage. Last week I mentioned that micro lots are now automatically available for all new standard 10k accounts setup with FXCM US. If you have an existing standard 10k account with FXCM US and would like the ability to trade micro lots, please contact client services with the request.
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 “Simple Dealing Rates” window of the trading platform, by currency pair.