FundedNext revealed important changes to its margin requirements aimed at enhancing its users’ trading experience. Effective the weekend following October 28, 2024, these adjustments will impact all account types, including Evaluation, Express, and Stellar 2-Step accounts.
The new leverage settings will be as follows: traders will be able to utilize leverage of 1:100 for all forex pairs, 1:15 for indices, 1:25 for commodities, and 1:1 for cryptocurrencies. This move aligns with global standards, reflecting FundedNext’s commitment to maintaining a secure and efficient trading environment.
FundedNext Traders: Important Changes to Margin Requirements
To facilitate a smooth transition, FundedNext urges all traders to close their open positions by 23:59 GMT+3 on Friday, October 25, 2024. Positions that remain open after this deadline, particularly those with high margins, will be automatically closed to accommodate the upcoming changes. The firm emphasizes that this precautionary measure is essential to prevent any unexpected closures that may arise due to the new margin requirements.
FundedNext’s decision to adjust margin requirements is part of its ongoing efforts to improve the trading environment for its clients and ensure that they have the best possible experience while trading with the firm. By implementing these changes, FundedNext aims to provide traders with the necessary tools to manage their investments effectively and responsibly.
Traders have to review their positions and plan accordingly to avoid disruptions. For further details on the updated margin requirements and how they may affect trading strategies, FundedNext’s support team is available to assist clients with any inquiries.
Stay tuned for more updates as FundedNext continues to enhance its services in line with the evolving prop landscape.
About the Firm
FundedNext offers up to $300,000 in funds to financially empower forex traders and help them earn full-time while also being able to scale further. Depending on their preferences, traders can choose from six unique funding program options, which consist of three two-step evaluations and three one-step evaluations.
Also, use our Refund Code (FNFPR) for a 120% Refund or read the Review.
