Dear Traders,

As a result of the recent decision on the 15th of January, 2015 by the Swiss National Bank (SNB) to remove the peg on the EUR/CHF pair the market in general has expressed concerns regarding the stability of other pegged currencies.


In order to protect our clients and mitigate their exposure to unnecessary volatility, we have decided to increase the margin requirements in the following exotic pairs. The margin changes will take effect at 12:00 platform time on Monday the 23rd of February, 2015.

This change will impact all clients with existing open positions.

Currency
Margin Requirements
AUDSGD
1:100
EURDKK
1:100
EURHKD
1:100
EURNOK
1:100
EURPLN
1:100
EURSEK
1:100
EURSGD
1:100
EURTRY
1:100
EURZAR
1:100
GBPDKK
1:100
GBPNOK
1:100
GBPSEK
1:100
GBPSGD
1:100
NOKJPY
1:100
NOKSEK
1:100
SEKJPY
1:100
SGDJPY
1:100
USDCNH
1:100
USDDKK
1:100
USDHUF
1:100
USDMXN
1:100
USDNOK
1:100
USDPLN
1:100
USDRUB
1:100
USDSEK
1:100
USDTRY
1:100
USDHKD
1:100
USDZAR
1:100

We recommend that you review you existing open positions or deposit additional funds to ensure that your account is not subject to liquidation once the margin change occurs.

If you have any questions or require any assistance, please contact one of our support team members via Live Chat, email: support@icmarkets.com, or phone +61 (0)2 8014 4280.

Kind regards,
IC Markets Trade Desk