Sorry we couldn’t find anything

clear

Clear Search

App store image
Google Play image

Sorry we couldn’t find anything

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.

  1. Initial margin: a pre-trade margin check on order placement, i.e. on opening a new position there must be sufficient margin collateral available on account to meet the initial margin requirement for the entire margin portfolio.
  2. Maintenance margin: a continuous margin check, i.e. the minimum amount of cash or approved margin collateral that must be maintained on account to hold an open position(s). Maintenance margin is used to calculate the margin utilisation, and a close-out will occur as soon as you do not meet the maintenance margin requirement.

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.

Account Opening is As Easy As 1, 2, 3

1

Open an Account

Request an account opening online via our website.

2

Fund

Add funds quickly and securely via bank transfers.

3

Trade

Access 35,000+ instruments across all asset classes.

1

Open an Account

Request an account opening online via our website.

2

Fund

Add funds quickly and securely via bank transfers.

3

Trade

Access 35,000+ instruments across all asset classes.