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We regret to inform you that due to regulatory reasons, Dukascopy Europe IBS AS does not open Live accounts for the residents of the country selected by you.

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By clicking "Open Demo" you also agree that Demo Account Information will be shared with our representatives both from Dukascopy Europe and Dukascopy Bank worldwide subsidiaries, branches and/or representative offices (hereinafter – Dukascopy Group) in order to maintain contact with you. You acknowledge and consent that any data you provide Dukascopy Europe with may be transferred to, stored and processed by Dukascopy Group for the purpose of rendering support and ensuring the functionality of the platform. We will treat your data in compliance with applicable confidentiality requirements. For more details please check our Privacy Policy. reCAPTCHA Privacy Terms

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Margin Requirements

Transactions conducted in the SWFX marketplace may be done on a margin trading basis, enabling a client to execute trades larger than the deposit, amplifying price movement effect. The multi-currency exposure of the account is limited by the total trading line which is calculated by multiplying the Equity of the account by the leverage agreed with Dukascopy Europe. Maximum leverage values applicable to every trading instrument are found in the table below:

* If equity for the self trade account is less than 20 EUR or equivalent in foreign currency, the account may be blocked by Dukascopy Europe.

Minimum margin requirements

In order to protect clients from incurring liability above their equity and protect Dukascopy Europe from associated risks, the following minimum margin policy applies: The minimum equity requirement for the self-trading account is 20 EUR. For accounts with different base currency the minimum amount of equity is calculated at the corresponding rate of the latest settlement. All open positions may be closed and the account may be blocked should the equity on the account reach the minimum margin requirement.

The minimum margin required to open a position depends on the leverage applicable to the trading instrument and current market prices.

Use of leverage

The Use of Leverage is an indicator showing how much of the collateral is currently used by the exposure on the trading account. It is displayed in percentage in real-time and calculated as follows:

  Used Margin  
Use of leverage =                                 x 100
  Equity  

*Note that the Used Margin equals to the exposure divided by leverage

Example:
Position of 1 mio EURUSD at 1.2000
Exposure on the account = USD 1,200,000
Profit and losses = 0
Leverage authorized for EUR/USD instrument = 1:30
Equity = USD 100,000
Used Margin = Exposure on the account / Leverage = USD 1,200,000 / 30 = USD 40,000
Use of leverage = Used Margin / Equity = 40,000 / 100,000 = 40%

Margin call and margin cut policy

Margin call (use of leverage >100%) means a situation where the margin requirements do not allow the client to increase exposure on his account. The client may only close the existing unhedged positions or hedge current positions in order to reduce exposure. Despite the margin call level being reached, the positions will not be closed automatically. The automated system will cancel all placed bid/offer orders that can increase the exposure.

Margin cut or cut-off level (use of leverage ≥ 200%) - if the use of leverage reaches or exceeds 200%, Dukascopy Europe has the right (but not the obligation) to fully reduce the client's exposure by closing existing positions and cancelling pending orders.

Use of leverage Description
0% No exposure
< 100% Normal status
≥100% Margin call: trader is not able to increase exposure on the account if the use of leverage is more than 100%
≥200% Margin cut: system automatically closes all existing positions and cancels pending orders

Stock CFD Maximum Instrument Exposure

Maximum exposure per single stock CFD is 100,000 USD or equivalent in other currencies. Clients may request to increase maximum exposure to 250,000 USD, in this case leverage will be reduced to 1:2 from default setting of 1:5.

Market Maximum exposure
for a share CFD
Austria
100,000 EUR
Belgium
100,000 EUR
Denmark
750,000 DKK
Finland
100,000 EUR
France
100,000 EUR
  Germany
100,000 EUR
Netherlands
100,000 EUR
Norway
900,000 NOK
Portugal
100,000 EUR
Spain
100,000 EUR
Sweden
950,000 SEK
Switzerland
100,000 CHF
UK
90,000 GBP
US
100,000 USD

Maximum instrument exposure

Maximum net exposure of each currency pair on one trading account is limited to a position of 15 million of primary currency with an exception for USD/HUF, EUR/HUF, USD/CZK, EUR/CZK, USD/RON, USD/ILS, USD/THB which max exposure is limited by 1 million of primary currency. For precious metals and CFD maximum net exposure is specified in the table below:

Instrument Maximum exposure in contracts (for CFDs) /
Oz (for precious metals)
BRENT.CMD 650
LIGHT.CMD 650
GAS.CMD 4 500
COPPER.CMD 8 000
USA500.IDX 1 400
USATECH.IDX 650
USA30.IDX 160
DEU.IDX 250
GBR.IDX 350
FRA.IDX 600
AUS.IDX 750
JPN.IDX 20 000
HKG.IDX 1 000
CHE.IDX 350
ESP.IDX 300
EUS.IDX 900
XAU/USD 17 000
XAG/USD 160 000
BTC/USD 30 000 USD equivalent
DIESEL.CMD/USD 1800
CHI.IDX/USD 280
DOLLAR.IDX/USD 31530
NLD.IDX/EUR 4550
SGD.IDX/SGD 11220
IND.IDX/USD 270
BUND.TR/EUR 15880
UKGILT.TR/GBP 18678

Clients may request to waive/increase the maximum exposure limit.

In this case the account leverage and leverage on particular instruments will be reduced.

Risk disclosure

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. It is highly recommended to maintain the use of leverage at normal levels. The client must always keep in mind that margin trading increases potential loss, as well as potential profit, and invested funds can quickly suffer losses in situations where the market prices exhibit strong volatility, potentially creating an adverse environment for the highly leveraged participant. The client shall be solely responsible for maintaining sufficient margin in relation to the existing positions.

To learn more about Dukascopy Europe ECN Accounts, please write us: send us a message, call us: +371 67 399 000 or alternatively ask for a call-back.