Cyprus-based multi-assets broker HotForex has doubled the used margin requirements for trading the USA30 index to $200 from $100 per contract, the broker said on Friday. The change is into effect as of 21 December, 2015.
During the adjustment of the margin requirements, current open positions will be affected and the margin used on them will be automatically increased by the system once the adjustment takes place, the broker said in a statement.
Besides, the USA30 index, HotForex also trades with 112 more indices – USA500, USA100, UK100, GER30, ITA40, SPA35, FRA40, HKG33, SUI20, AUS200, SHCOMP, and USDIndex. Margins on a single position for these indices range between $50 for USA100 to $400 for ITA40.
The broker also trades with forex, shares, metals and energies, binary options, and contracts for difference (CFDs) on commodities. HotForex’s clients can chose from several different trading platforms, including the desktop, mobile, and web versions of the industry leader MetaTrader 4 (MT4).
HotForex is the trading brand name of HF Markets Europe, which also owns the binary options trading brand OptionTrade. The company is licensed by the Cyprus Securities and Exchange Commission (CySEC), which allows it to provide investment services in all EU countries. It is also registered with the relevant authorities in a number of European countries, including the UK, France, Poland, Portugal, and the Netherlands.