In the light of ASIC Corporations (Product Intervention Order—Contracts for Difference) Instrument 2020/986, we have made some changes to our Product Disclosure Statement (“PDS”), Financial Services Guide (“FSG”) and Account Terms and Conditions which have taken effect from the 28th of March, 2021.
The notable changes have been summarised below for your ease of reference:
Leverage and Margin restrictions – All the open positions in your trading account will have the new leverage and margin rates applied. The following CFD leverage restrictions offered to retail clients have been adjusted to a maximum of:
• 30:1 for major currency pair CFDs
• 20:1 for minor currency pair, gold or major stock index CFDs
• 10:1 for commodity (excluding gold) CFDs
• 5:1 for share CFDs
Negative Balance Protection – Vantage Global Prime Pty Ltd trading account holders will have negative balance protection applied, meaning that your account’s negative balance will be offset. This will limit a retail account holder’s loss to the value of the account’s equity.
By continuing to use our products and services from the above date, you will be accepting these changes. Please ensure that you have carefully read and understand all the legal documents provided to our retail clients here. The updated documents are:
Should you have any questions surrounding the updated legal documentations, please do not hesitate to contact your account manager or [email protected].
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