Vantage FX ups Silver CFD trading margin requirement to 5%
Australian Retail FX broker Vantage FX has issued a notice to its clients, indicating margin changes to XAG (Silver) CFD products.
Vantage FX stated that in light of the recent volatility in silver markets and increased margin requirements with its liquidity providers, the company has conducted a review of its risk management policies. As a result, margin on both XAGUSD and XAGAUD will be raised effective immediately from 1% to 5%.
The move by Vantage FX follows similar others we have seen, such as Admiral Markets cutting leverage allowed on Silver CFD trading for Pro accounts to 100x (for Retail traders it remained at 10x, or margin of 10%).
Vantage FX advised clients to use caution during this period. If clients had open positions during the affected period, they should be aware that margin requirements to keep those positions open could rise.
The company said that it intends to return to normal margin requirements shortly.