We are pleased to inform you that the ‘close only’ restriction on XTIUSD has been removed. New positions in XTIUSD are now allowed, and XBRUSD continues to trade as usual.
However, recent movements in oil prices have resulted in extreme market volatility and precarious trading conditions.
In an effort to protect traders during this very unpredictable period, we are increasing the required margin on XTIUSD and XBRUSD products to 10%.
This change is effective immediately, but will only apply to new positions. Positions held prior to this change will continue to operate at usual margin levels until they are closed.
We encourage all our traders to be vigilant and aware of the increased risk of stop-outs during this time. To reduce your risk of stop-outs please ensure your accounts are fully funded.
We will continue to carefully monitor the market and inform you of any further changes to the conditions surrounding these symbols.