CFD Shares
Instruments with default margin =< 5%
Instruments with default margin above 5%
Corporate actions (such as Stock Splits, Dividends, Earnings, etc) can affect the stock price. During such events, possible price market gaps are expected to occur following the announcements. In order to protect our clients, an increased margin is required during these times of volatility. On such events, the minimum margin required will be 20% for the whole trading session before the corporate action (ex-date) and 15 minutes after the market opening. This will apply only to new positions opened on the ex-date.
Daily Break: All new positions opened in the 30 minutes before market closing and 15 minutes after market opening the following day margin will be
Weekend/ Holiday Policy: All new positions opened in the 30 minutes before market closing and 15 minutes after market opening the following day margin will be
This is not applicable to clients under Windsor Markets (Kenya) Limited and Seldon Investments Limited (Jordan).
The Company’s Default margin requirement for each share may differ from the above table on specific shares, to check the minimum required margins per share please refer to the Product Outline
Example 1 – Account Leverage 1:500 , 2 lots
Margin Requirement calculation:
Number of Lots * contract size * market price / maximum leverage * conversion rate (if applicable)
Client Account Currency USD
Account Leverage – 1:500
Instrument to trade: SNAP
Volume traded: 2 lots
Margin requirement: 2 * 100 * 14.50 / 20
Total Margin Required: 145 USD.
Example 2 – Account Leverage 1:500 , 52 lots
Margin Requirement calculation:
Number of Lots * contract size * market price / maximum leverage * conversion rate (if applicable)
Client Account Currency USD
Account Leverage – 1:500
Instrument to trade: SNAP
Volume traded: 52 lots
Margin requirement for first level: 50 * 100 * 14.50 / 20
Margin requirement for second level: 2 * 100 * 14.50 / 10
Total Margin Required: 3625 + 290 = 3915 USD.