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CFD Margins
Margin requirements by CFD type and individual instrument are listed under Trading Conditions on the trading platforms
Trading With Leverage
CFDs are traded on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to place as margin collateral. The margin is the amount reserved on your trading account to cover any potential losses from an open CFD position. It is possible that a loss may exceed the required margin. Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions. Information about re-ratings or changing of margin requirements will be available in Margin Monitor on the trading platforms.
Please note that Galt & Taggart reserves the right to increase margin requirements for large position sizes, including client portfolios considered to be of very high risk.
Initial and Maintenance Margin
Initial margin and maintenance margin are designed to protect you against adverse market conditions, by creating a buffer between your trading capacity and margin close-out level.
Index Tracker CFDs
Index-tracking CFD margins (normal market conditions)
North America
Index Tracker | Initial Margin | Maintenance Margin |
US 500 | 5% | 2.5% |
Europe
Index Tracker | Initial Margin | Maintenance Margin |
Belgium 20 | 10% | 5% |
Denmark 20 | 10% | 5% |
EU Stocks 50 | 8% | 4% |
France 40 | 8% | 4% |
Germany 30 | 8% | 4% |
Germany Mid-Cap 50 | 10% | 5% |
Germany Tech 30 | 10% | 5% |
Netherlands 25 | 10% | 5% |
Norway 25 | 10% | 5% |
Portugal 20 | 10% | 5% |
Spain 35 | 10% | 5% |
Sweden 30 | 10% | 5% |
Switzerland 20 | 10% | 5% |
Asia / Pacific
Index Tracker | Initial Margin | Maintenance Margin |
Australia 200 | 5% | 2.5% |
Japan 225 | 5% | 2.5% |
Hong Kong 50 | 10% | 5% |
Single Stock CFDs
We have sorted our more than 8,800 online tradable CFDs in 6 different margin groups. Which margin group a CFD falls into depends on the market capitalisation, liquidity and volatility of the underlying asset. The leverage available on Single Stock CFDs begin at 10:1 which corresponds to 10% maintenance margin.
Galt & Taggart Rating | Initial Margin | Maintenance Margin |
1 | 20% | 10% |
2 | 40% | 20% |
3 | 60% | 30% |
4 | 100% | 80% |
5 | 110% | 100% |
Commodity CFDs
Energy
Instrument Name | Symbol | Initial Margin | Maintenance Margin |
UK Crude | OILUK | 10% | 5% |
Gas Oil | GASOILUK | 10% | 5% |
CO2 Emissions | EMISSIONS | 10% | 5% |
Softs
Instrument Name | Symbol | Initial Margin | Maintenance Margin |
NY Sugar No. 11 | SUGARNY | 10% | 5% |
NY Coffee | COFFEE | 10% | 5% |
NY Cocoa | COCOA | 10% | 5% |
ETF / ETC CFDs
See under "Single Stock CFDs".
Risk Warning
Margin Trading carries a high level of risk to your capital with the possibility of losing more than your deposits and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.
See our Risk Warning.
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Request an account opening online via our website
Add funds quickly and securely via bank transfers
Access 35,000+ instruments across all asset classes