Following the recent cuts made to IG Markets’ forex margins, IG have now proceeded to reduce the margin requirements for sixteen stock indices:
The deposit factors reviews applies to all IG’s 24-hour stock index markets. A morning note from IG Markets read
‘The new Tier 1 deposit cuts include all the major indices, such as FTSE 100, Wall Street, Germany 30 and Japan 225 – in total all 16 of our out-of-hours markets have had their deposit factor reduced.’ ‘The deposit factor on the FTSE 100 has now been reduced from 40 to 30, while Wall Street has been cut from 80 to 60. The reductions cover both Daily and Futures markets’.
|
Index
(Standard Contract) |
Previous Margin Requirement (per contract)* |
New Margin Requirement (per contract)* |
|---|---|---|
|
FTSE 100
|
400
|
300
|
|
Germany 30
|
1000
|
875
|
|
France 40
|
300
|
200
|
|
Italy 40
|
1250
|
575
|
|
Spain 35
|
1500
|
550
|
|
Hong Kong HS42
|
10,000
|
5750
|
|
Japan 225
|
500
|
275
|
|
Sweden 30
|
1000
|
600
|
|
EU Stocks 50
|
300
|
150
|
|
Portugal 20
|
755
|
80
|
|
Singapore Blue Chip
|
2400
|
400
|
|
Australia 200
|
1000
|
625
|
|
Wall Street
|
800
|
600
|
|
US SPX 500
|
2000
|
1500
|
|
US Tech 100
|
1500 | 1200 |
|
South Africa 40
|
70,000
|
15,000
|
* Denominated in local currency. Margin requirements apply to Trader accounts only.
The low deposit margins form part of IG’s Tiered Deposit system which works out client deposit rates based on individual aggregate positions. The lowest deposit rates are available on Tier 1 of the system, which means the majority of positions will attract these new rates. The margins on Mini and Forward contracts have also been reduced across a wide range of indices.
