XM lowers margin requirements for Swiss franc

29 March, 2017

XM, a European forex broker regulated by UK's FCA and the Cyprus Securities and Exchange Commission (CySEC), said it is lowering the margin requirements for trading in Swiss francs.

As of Monday, March 20, the additional margin requirements for CHF pairs requirement will be 2 times the margin set as per account leverage. Previously the additional margin requirement for deals with Swiss francs was four times the default account leverage. It was reflecting the Swiss franc black swan event that followed the SNB's decision to unpeg the currency from the Euro. The following extreme market volatility led to serious financial troubles for traders and brokers alike.

The new Swiss frank margin requirements of XM will apply for both new and existing positions.

XM, formerly known as XEMarkets, is a trading brand of Trading Point Holdings. It is based in Cyprus and is regulated by the CySEC, FCA and the Australian Securities and Investments Commission (ASIC). It is also registered with Germany’s BaFin and is compliant with with the Markets in Financial Instruments Directive (MiFID) of the European Union. It is also awaiting licensing from the Financial Services Board (FSB) of South Africa.

In addition to Cyprus XM also has offices in Hungary and Greece. It is mostly active in some EU countries, Russia and some of the Asia-Pacific countries. 

XM offers trading in forex and CFDs on indices, commodities, energies and precious metals and a leverage of up to 1:888. The trading platform is MT4.


Source  
Anniversary XM Grand Gala

Celebrating our company milestones side by side with our clients is what makes events exceptional. On 9th November, we had the great pleasure...

XM Forex Education Reaches Tanzania

During its newly started forex seminar tour across the African continent, XM reached three further countries, namely Tanzania, Ghana and...

XM Attends Investing Roma in Italy

Having attended over thirty financial exhibitions across Europe alone to meet with existing and prospective clients in person...


XM at Salon du Trading in Paris

This autumn Salon du Trading international trade fair in Paris opens its doors once again to event exhibitors and visitors on 13th September...

XM Hosts Financial Panel Discussion

It is our pleasure to announce an event not to be missed in Kuala Lumpur on 27th July: a financial panel discussion conducted by three market...

XM Brings Forex Education to Manila

Soon after last year's forex trading seminars provided to traders throughout the Philippines, in 2019 XM started a further educational event series...


XM Festive Gala in Mexico City

Organised in celebration of the first-year anniversary of our company's successful business presence in Latin America, XM hosted an opulent...

XM at World of Trading in Frankfurt

For the third time now since 2013, XM will attend the two-day event series of World of Trading trade fair in Frankfurt am Main, Germany, due to take...

XM Awarded for Best Customer Service

The official ceremony of Shares Magazine's widely recognized 2018 UK Forex Awards took place at The Steel Yard in London, UK, where XM won the...

Top 10 Forex Brokers 2019

200+ Forex Brokers
Top 10 Profitable Forex Advisors
The Most Profitable Forex Advisors 2019

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the Top 10 Forex Advisors including Equilibrium, Excalibur, Night Owl...

Top 10 Forex Advisors 2019

All Forex Advisors
TOP 10 Best Forex Trading Platforms
Best Forex Platforms 2019

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets...

Top 10 Forex Platforms 2019

All Forex Platforms