Leverage restriction impact to existing retail clients
If you have open positions at market close on 27 July 2018, any sub-accounts on which you have open positions will be marked as ‘closing trade(s) only’ to limit the impact on your existing trading. This means that although you can move funds into and out of the account and close open positions, you will not be able to open any new positions. Leverage rates for these pre-existing positions will remain at the level at which they stood when you executed the opening trades. Consequently, in order to open any new positions you will be required to open a new sub-account(s) that will reflect the below stated leverage limits.

If you do not have any open positions at market close on 27 July 2018, we will update your existing sub-account(s) to default to the below stated leverage limits. If you were previously trading using leverage lower than the new ESMA limits, on 29 July 2018 you can lower your leverage through your account management portal in the Manage Funds section.

To meet these upcoming regulations, for retail clients only, leverage limits will be imposed on all instruments, as follows:
  • 30:1 for major currency pairs
  • 20:1 for non-major currency pairs
  • 20:1 for major indices
  • 20:1 for gold
  • 10:1 for commodities (excluding gold)
  • 10:1 for non-major equity indices
For professional clients, existing OANDA leverage limits will remain in place.

Please see the Europe Margin Requirements page on our website for full details.

Professional clients will have received confirmation of their classification from their Relationship Manager and should contact them in the event of any queries.  Contact details: [email protected] or +44 (0) 207 101 1600

If you have any questions, you can contact our Client Experience Team whenever markets are open or your Relationship Manager (8am – 6pm BST) via the above contact details.

Kind regards
The OANDA Team