SimpleFX is constantly trying to deliver the best possible trading conditions, by perfecting our products and keeping trading costs and margins as low as possible. Unfortunately, current market conditions characterized by increased volatility and uncertainty has forced our Liquidity Providers to temporarily increase margin requirements on some instruments. Therefore, SimpleFX is also imposed to implement the following changes to our trading conditions:
Margin requirements on all commodity instruments (USOIL, UKOIL, and NATURALGAS) will be increased from 4% to 12%, effective Thursday, April 23rd, 2020 at 21:00 UTC.
Please bear in mind that the margin change will also affect already open orders, therefore please make sure that you have enough free margin on your account to avoid liquidation after new requirements take effect.
The mentioned restrictions are temporary and they will be lifted as soon as market conditions return to normal levels.