FundedNext has announced updates to its margin requirements, effective after the weekend following October 28, 2024.
FundedNext has announced updates to its margin requirements, effective after the weekend following October 28, 2024.
Here are the Highlights of the article “FundedNext Adjusts Margin Requirements Across All Accounts”:
FundedNext has announced updates to its margin requirements, effective after the weekend following October 28, 2024. This initiative is part of the firm’s commitment to improving its trading environment and aligning with global financial standards.
In a communication with its traders, FundedNext outlined the changes to leverage settings across various account types, including Evaluation, Express, and Stellar 2-Step accounts. The new leverage settings are as follows:
These adjustments aim to enhance consistency across the firm’s trading platforms and ensure traders can operate within a more standardized framework. FundedNext emphasizes the importance of these changes for both new and existing accounts.
To facilitate a seamless transition, FundedNext advises traders to close all open positions by 23:59 GMT+3 on Friday, October 25, 2024. Any positions that remain open after this deadline, particularly those with high margins, will be automatically closed to comply with the new margin requirements.
This announcement follows a series of enhancements made by FundedNext to support its traders better and maintain a competitive edge in the rapidly evolving trading landscape. By implementing these changes, the firm seeks to provide a more robust and reliable trading experience.
Traders have to review their positions and make necessary adjustments ahead of the upcoming changes. FundedNext remains committed to keeping its community informed and prepared for any shifts in the trading environment, ensuring that all traders can navigate these updates effectively.
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