Why have our margin requirements increased?

New regulations for Spreads Trades and CFDs in Australia were introduced on Monday 29th March. The margin required to open and maintain positions was increased for all markets.

Here’s an example of how this impacted you based on the Wall Street 30 Rolling Cash @ price 30,000

Product 

Stake 

Margin Before 29/03 

Margin from 29/03 

Wall Street 30 Rolling Cash 

$1 

$150 

$1500 

As you can see, more margin is needed to trade in the same way.  

If you would like to trade with lower margin requirements, we do have an option for you. 

Core Spreads Australia is rebranding as Trade Nation

Throughout 2021 we’re bringing the whole Core Spreads family together under our new global brand: Trade Nation.

Open a Trade Nation account, and you will enjoy:

  • The same trading platform.
  • The same low cost, fixed spreads.
  • The same friendly, customer service team.
  • The same low margin requirements.

Visit the Trade Nation website to see for yourself by clicking here

Trade Nation Ltd, is regulated by the Securities Commission of the Bahamas and operates with a higher leverage than Core Spreads. 

Increased leverage means you require less money to open and hold a position, but also means that both your risk and the chance of greater losses are increased. 

Here’s an example of the increased leverage based on Wall Street 30 Rolling Cash @ 30,000  

Product 

Stake 

Core Spreads

Trade Nation Ltd 

Wall Street 30 Rolling Cash 

1 

1500 

150

 

Some important things to be aware of:   

Benefits Differences
Increased leverage up to 200:1   Higher risk in trading with greater leverage 
Access to the Trade Nation loyalty scheme   No longer have access to AFCA 
Continued negative balance protection    
Funds held at Barclays Bank plc in London   

For Core Spreads customers who want to move to Trade Nation, we offer a fast-track account opening service. 

It couldn’t be simpler. Enter your Core Spreads username and password, accept the terms and conditions of the new account and we’ll do the rest.  

 

 

We’ve scoured the industry to understand what you, the customer, want and deserve from a trading provider, and Trade Nation is the answer. Our aim is to ensure fairness every step of the way with the highest level of customer service, guaranteeing that spreads stay fixed when markets get volatile. We’re challenging the run-of-the-mill providers to be better and want to invite you along for the journey. 

 

This all sounds great, but I’ve got some more questions….

That’s no problem. If you’ve forgotten your username, simply get in touch with our customer support team on Live Chat on the platform or on support@corespreads.com.au and we will be able to provide that for you.
Your money is held in segregated client accounts at Barclays Bank in London.
Trade Nation is regulated by the Securities Commission of the Bahamas.
If you need to add funds at any point, the deposit process is exactly as before, and you will be able to deposit via card, bank transfer, and Skrill.
Once your account is open, we can transfer money from your Core Spreads account to Trade Nation. Email support@corespreads.com.au with your request.
You can find the Trade Nation website by clicking here.
The platform is very similar to the one you’re used to with the same fixed spreads and choice of markets.
Both iPhone and android apps are now available to download.
At Trade Nation we have ‘Practice and Learn’ accounts to help you familiarise yourself with the platform, should you need to.
We offer the same loyalty scheme with Trade Nation and you will start earning points from your first trade.
Unfortunately, we are not allowed to transfer loyalty points earned with Core Spreads Australia to Trade Nation Bahamas due to financial regulations. Any loyalty points you have earned will stay But with your Core Australia account.
You can keep your Core Spreads Australia account if you want it. If not, let us know and we will close it for you.
All your trading history on your Core Spreads Australia account is available for you on request.
You will need to fill in the Trade Nation fast-track application for each of your accounts, so just visit our page here and complete the form for each account you hold.
Trade Nation offers both MT4 and spread trading accounts. If you use the fast-track application form, we’ll open trading accounts with Trade Nation for each account you have with Core Spreads Australia, whether you hold CloudTrade, MT4, or both. 
Sure! The details of the changes to leverage, and associated minimum margin requirement percentages, are shown below:
Market Current Leverage/Margin Rate New Leverage/Margin Rate
Major Indices 200:1          0.5% 20:1          5.0%
Major FX pairs 200:1          0.5% 20:1          5.0%
Individual Shares 20:1          5.0% 5:1          20.0%
Gold 200:1          0.5% 20:1          5.0%

 Here’s an example:

Margin before 29th March:

You buy $1 Wall Street 30 Rolling Cash @ 30,250.

Our minimum margin requirement percentage on the Wall Street 30 is 0.5%. This is the same as leverage of 200:1

The margin is calculated as follows: $1 x 30,250 x 0.5/100

So, you would need to hold $151.25 in your account to open this position.

Increased margins:

You buy $1 Wall Street 30 Rolling Cash @ 30,250.

Due to ASIC’s rule change, our minimum margin requirement on the Wall street 30 is now 5%, equivalent of leverage of 20:1

The margin is calculated as follows: $1 x 30,250 x 5/100

You now need to hold $1,512.50 in your account to open this position. The new deposit requirement is 10 times larger than before.

Ok, I’m ready. How do I transfer?

  1. Simply click here, check the relevant boxes, enter your username and password, and submit the form. This will automatically start the process of opening your new account with Trade Nation.
  2. You’ll receive an email confirming your agreement to transfer.
  3. Nothing more to do until you receive your “Welcome to Trade Nation” email.