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FX & CFD Margin

The margin requirement for an FX or CFD position is based on a percentage of the USD trade value when the trade is initiated. It is the amount required to open and maintain a position.

The margin rates determined by Questrade are subject to the minimum requirements of IIROC (Investment Industry Regulatory Organization of Canada), vary according to the product, and are subject to change at any time without notice.

FX margin requirement example

If you open an FX position in EUR/USD of 10,000 units at 1.30, the USD value of the position is $13,000 ($1.30 x 10,000). At a margin rate of 3%, the margin requirement is $390 ($13,000 x 3%).

CFD margin requirement example

If you open a CFD position in SPX500 of 5 contracts at 1,500, the USD value of the contract is $75,000 (1,500 x $10 X 5). At a margin rate of 4%, the margin requirement is $3,000 ($75,000 x 4%).

Note: $10 is the multiplying factor.

Calculating margin

Trading FX and CFDs on the QuestradeFX Global platform

The margin requirement is dynamic and updates in real time. You can view the margin requirement of a specific FX or CFD instrument on the trade ticket or by clicking Account, and then navigating to Trading Conditions on the menu and searching a specific instrument. The margin utilisation bar at the bottom of the trading platform indicates the percentage of your cash balance reserved for your margin positions.

Margin rates

Commodity CFDs
Index Tracker Margin Rate
METALS
Gold 4.00%
Silver 7.00%
Platinum 5.00%
Palladium 10.00%
US Copper 5.00%
ENERGY
WTI US Crude 5.00%
Brent UK Crude 6.00%
Heating Oil 6.00%
Gasoline US 5.50%
Gas Oil 6.00%
US Natural Gas 11.00%
CO2 Emissions 20.00%
AGRICULTURE
Corn 5.00%
Wheat 7.00%
Soybeans 5.00%
SOFTS
NY Sugar No. 11 8.00%
NY Coffee 6.00%
NY Cocoa 8.00%
Cotton 8.00%
MEATS
Live Cattle 5.00%

Last updated: 1/15/2018 5:17:06 PM

Index CFDs
Index Tracker Margin Rate
NORTH AMERICA
US 30 Wall Street 3.00%
US 500/SPX500 3.00%
US Tech 100 NAS/NAS100 3.00%
EUROPE, MIDDLE EAST & AFRICA
Belgium 20 15.00%
Denmark 20 15.00%
EU Stocks 50/ESTX50 15.00%
France 40 15.00%
Germany 30 15.00%
Germany Mid-Cap 50 15.00%
Germany Tech 30 15.00%
Italy 40 15.00%
Netherlands 25 15.00%
Norway 25 15.00%
Portugal 20 15.00%
South Africa 40 15.00%
Spain 35 15.00%
Sweden 30 15.00%
Switzerland 20 15.00%
UK 100 15.00%
UK Mid 250 15.00%
ASIA / PACIFIC
Australia 200 15.00%
Japan 225 15.00%
Hong Kong 40 15.00%

Last updated: 1/15/2018 5:16:25 PM

Forex
Currency pair CAD margin rate USD margin rate
AUD/CAD 3% 5.5%
AUD/CHF 6% 6%
AUD/JPY 6% 6%
AUD/NZD 6% 6%
AUD/USD 5.5% 3%
CAD/CHF 3% 5.5%
CAD/JPY 3% 5.5%
CHF/JPY 6% 6%
EUR/AUD 6% 6%
EUR/CAD 3% 5.5%
EUR/CHF 6% 6%
EUR/CZK 13% 13%
EUR/DKK 13% 13%
EUR/GBP 6% 6%
EUR/HUF 13% 13%
EUR/JPY 6% 6%
EUR/NOK 6% 6%
EUR/NZD 6% 6%
EUR/PLN 13% 13%
EUR/SEK 6% 6%
EUR/TRY 28% 28%
EUR/USD 5.5% 3%
GBP/AUD 6% 6%
GBP/CAD 3% 5.5%
GBP/CHF 6% 6%
GBP/JPY 6% 6%
GBP/NZD 6% 6%
GBP/USD 5.5% 3%
NZD/CAD 3% 5.5%
NZD/CHF 6% 6%
NZD/JPY 6% 6%
NZD/USD 5.5% 3%
SGD/JPY 13% 13%
USD/CAD 2.5% 2.5%
USD/CHF 5.5% 3%
USD/CNH 27.5% 25%
USD/CZK 12.5% 10%
USD/DKK 12.5% 10%
USD/HKD 12.5% 10%
USD/HUF 12.5% 10%
USD/JPY 5.5% 3%
USD/MXN 5.5% 3%
USD/NOK 5.5% 3%
USD/PLN 12.5% 10%
USD/RUB 27.5% 25%
USD/SEK 5.5% 3%
USD/SGD 12.5% 10%
USD/TRY 27.5% 25%
USD/ZAR 27.5% 25%
ZAR/JPY 28% 28%
XAU/USD 22.5% 20%
XAU/GBP 23% 23%
XAU/EUR 23% 23%
XAU/CHF 23% 23%
XAU/JPY 23% 23%
XAU/AUD 23% 23%
XAG/USD 22.5% 20%

Last updated: 8/24/2017 6:30:20 PM

Margin calls

Margin call procedure

If your margin utilisation exceeds 100%, your account is in a margin call. To meet your margin call you are required to deposit funds into your account and/or close positions. Your platform will display pop up messages when your margin utilisation reaches 100% and 150% to remind you of your margin call. Questrade will give you the opportunity to satisfy the deficiency on a best efforts basis. Questrade may close your positions if you fail to comply with the terms of the margin call.

The terms of a margin call are determined at the discretion of Questrade. If you do not fully understand the terms of your maintenance margin call, promptly contact Questrade client services at 1.866.980.9591, option 2.

The margin and account liquidation policies are provided in accordance with the FX agreement under section 16 and the obligation to maintain margin under section 1.14 of the account agreements and disclosure document.”

Automatic liquidation threshold

Automatic liquidation threshold procedure

If your margin utilisation exceeds 200% or your account remains in a margin call for 120 consecutive trading hours (5 consecutive trading days), all of your open positions will be closed. We will do this even if we haven’t yet received a deposit you have made to your account or previously notified you that your account is in a margin call. There may be other market conditions that also require us to immediately close positions to satisfy the margin call.

Note: the time period between Friday at 5 PM ET and Sunday at 4 PM ET does not count toward the 120 hours.