* Min. level for placing pending orders at the current market price.
Margin requirements may be subject to change before earnings announcements and/or any corporate action.
The margin is always 50% when you hedge positions on derivatives and if your margin level is over 100%.
Turbo stocks have daily expiration, meaning that all positions will be closed automatically at the end of the trading day.
Stocks derivatives are not physical shares and are not subject to any voting rights.
When a corporate action occurs, a price adjustment may be applied to eliminate the impact on clients' trading accounts.
Calendar dates are indicative and are subject to change.
What are Turbo Stocks?
Turbo Stocks derivatives are products that have specific stocks as underlying and 200:1 leverage. The trading of Turbo Stocks begins at the start of the trading day of the underlying and ends at the end of the same day. This process then resumes the next day.
What is the margin requirement for Turbo Stocks?
Margin Requirement for Turbo Stock derivatives = [Lots*contract size* open price] / [Lowest of (Account Leverage, Symbol Leverage)]
As the formula above indicates, the leverage of the position is the lowest between your Account Leverage and the specific Symbol Leverage of what you’re trading.
Example 1: Client trades 10 lots of Turbo Amazon at a 100 USD opening price, with USD account base currency, and account leverage of 100:1. At the same time, symbol leverage for Turbo Amazon is 200.
Required margin for Turbo Amazon position (Example 1) = (10*10*100) / 100 = $100
Example 2: Client trades 15 lots of Turbo Amazon at a 100 USD opening price, with USD account base currency, and account leverage of 500:1. At the same time, symbol leverage for Turbo Amazon is 200.
Required margin for Turbo Amazon position (Example 2) = (15*10*100) / 200 = $75
