Following geopolitical concerns, IG increases margin level on RUB pairs and Russia-exposed stocks to 100% since early March.

Since Russia invaded Ukraine, the global financial industry has become volatile and rapidly changing. Therefore, many brokers are now constantly monitoring developments in the financial markets and updating their regulations in line with the crisis. Accordingly, IG broker changes the trading conditions for certain Forex instruments and stocks. IG has decided to increase the margin level on existing spread betting and CFD positions on all Russian Ruble currency pairs, including USD/RUB, EUR/RUB, and RUB/JPY.

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The margin level on the above positions has changed to 100% on Tuesday 1 March 2022 at 15:00 (GMT). Positions will be closed if there are insufficient funds available in the trader's current account while their position in RUB remains open. Henceforth, clients can no longer open new positions in this product.

 

Margin Increase on Russian Stocks

IG has also announced it will increase the margins on a set of Russian-exposed stocks that have taken effect from 15:00 GMT on Tuesday 1st March. The Australian broker increases the CFD margin rate and spreads bet positions up to 100% on this stock. The company will endeavor to provide as much notice as possible, although, in an urgent situation, the announcement will be released instantly. Here is the list of affected shares:

  • Tigers Realm Coal Limited
  • United Company RUSAL PLC
  • Lukoil OAO – GDR (DE)
  • Amur Minerals Corp
  • Polymetal International PLC
  • RusPetro PLC
  • Ros Agro PLC
  • En+ Group PLC
  • Federal Grid Co Unified Energy System PJSC
  • X5 Retail Group NV
  • and many more.

IG reminds clients that increased volatility can increase the risk of losses. As the situation continues to develop, the company may later take further steps or change the regulations regarding access to products that are directly or indirectly exposed to Russia with limited or unannounced notice.