Digital Broker will no longer accept US dollars as collateral for margin transactions. The changes will take effect on December 29. The company asks clients to review their portfolios to avoid being forced to close positions.
We are talking about transactions that use leverage. Thus, from December 18, the broker will begin to increase the so-called risk rate for this currency by 5% per day (currently the rate is 50%). Until December 29, the broker will completely stop accepting dollars as collateral for transactions with incomplete coverage, when the risk rate is 100%.
A risk rate of 50% means that a trader can trade with double leverage. Digital Broker asks investors to independently monitor the status of their portfolios.
“We ask you to independently monitor the status of your portfolios and, if you have collateral in the form of USD, replenish your accounts and (or) reduce your USD positions and (or) reduce your uncovered (negative) positions. position themselves to avoid the forced closing of their positions by the broker.” , warns the runner.
Last week, Tinkoff Investments announced that it would exclude US dollars, Hong Kong dollars and yuan from collateral for margin transactions. The company also banned short positions in yuan and US dollars.
Author:
Natalia Gormaleva
Source: RB
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