In accordance with the new ESMA investor protection measures for Retail clients (effective 1st August 2018), there will be changes to your account from 29th July. These changes are detailed below for both Advantage Trader and MT4 clients.
You can find background information on the ESMA changes here. These changes will not apply to Professional clients.
Advantage Trader Clients
If you trade on Advantage Web, AT Pro or our mobile apps, you’ll be able to login to your Primary account with your current ID and password and trade as normal on our new, adjusted margin rates. This account has your full trading history and account settings.
If you have any open positions at 10pm BST on 27th July, we will also create a Secondary account which holds all your funds and existing positions opened under current (pre-ESMA) margin rates. You will not be able to open new positions from this account but can fund, withdraw and transfer funds to your Primary account.
If you do NOT have open positions at 10pm BST on 27th July, you will be able to continue trading on your existing account, with adjusted margin rates and settings.
If you DO have open positions at 10pm BST on 27th July, you will be able to login to your existing account, which will contain all of your available funds and current positions. You will not be able to open new positions in this account. Therefore, we have created a new account (with new ID and password) where you can trade with the new, adjusted margin rates.