Cryptocurrency trading

On 26th June 2020 (10pm UK time), the minimum margin on all CFDs on Cryptocurrencies trades had been increased to a minimum floor of 50% on existing and new positions. This will also remove any margin reductions that you might have while using Guaranteed and Non Guaranteed Stops. This margin change is a regulatory requirement and applies to all MAS regulated brokers in Singapore.

The margin rate that we will be referencing is pegged to a variable margin rate on the similar underlying futures offered by an Approved Exchange (ICE Futures Singapore Pte Ltd) in Singapore. Hence, please note that margins will be updated on the 1st business day of each month and also on an ad hoc basis depending on the volatility of the market for existing and new positions. It is important that you keep your account sufficiently funded to avoid a margin call close out.

Important Notice:

Cryptocurrencies are not legal tender or securities. Cryptocurrency Contracts For Differences (CFDs), which are derivatives of cryptocurrency, are not regulated by the Monetary Authority of Singapore (MAS). Investors should be aware that they will not be entitled to legislative protection when trading cryptocurrency CFDs. If you choose to invest in unregulated products, you will not be protected under MAS regulations. Other risks associated with cryptocurrencies include high price volatility, lack of transparency and cybersecurity risks. Please ensure that you are fully aware of these risks, and if in doubt, you should consult an independent financial adviser. For more information on cryptocurrencies, their derivatives and associated risks, please refer to the MoneySense website here.