What margin rates are required to open and maintain a position?
CFOS/FX customer margins are generally 50:1 for underlying spot transactions (depending on what type of account you open and the particular FCM/Dealer), and may be much greater leverage for options contracts.* This means that investors can execute trades worth $100,000 with an initial margin requirement of $2,000. However, if an account balance breaches the “maintenance margin” requirement the FCM/Dealer, at its sole discretion, may close (offset) any and all open positions at the current rate. At the discretion of the FCM/Dealer, maintenance margin rates may be increased from time to time, especially before a weekend or holiday, to account for unexpected price volatility that can occur while the markets are closed. If you are unsure how forex spot and options margins work, please click here. Will I be assigned a broker to work with or can I choose one that I prefer? As forex accounts are generally self-directed, no broker will be assigned to you. Generally, any broker you speak or cor
