A higher margin requirement is set during some key events and specific time periods, which impact the general volatility of the market.
The HMR period can be extended based on risk management decisions depending on each news’ impact.
Higher margin requirements are applied to new orders or orders reopened as a result of other closed positions during:
News releases
Weekends and public holidays
Rollovers
News releases
When important economic news is published that involves a trading instrument, orders opened 15 minutes before and 5 minutes after the news release will have higher margin requirements applied.This mitigates a trader's exposure to the risk of price instability during economic events. 5 minutes after the news release, higher margin requirements are lifted, and the margin is recalculated based on the equity of the trading account and its set leverage. You can find out when major economic news is due for release on our Economic calendar.
Rollovers, Weekends and public holidays
Some trading instruments are subject to trading breaks during the weekends and public holidays. Also, all instruments have a rollover time. Higher margin requirements are applied to these instruments during this period.
HMR period
Find HMR period for all events, which impact the general volatility in the list below.
News releases
News releases
Symbols | Time Before / After News | Leverage During News |
Forex | 15 min / 5 min | 1:200 |
XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAGUSD, XAGEUR, XAUJPY | 15 min / 5 min | 1:200 |
XNGUSD | 15 min / 5 min | 1:50 |
EU indices | 15 min / 5 min | 1:50 |
US indices | 15 min / 5 min | 1:100 |
ES35, JP225, AU200 | 15 min / 5 min | 1:50 |
BTCUSD, BTCEUR, BTCGBP, BTCJPY, ETHUSD, BTCXAU | 15 min / 5 min | 1:200 |
Rollovers
Rollovers
Symbols | Rollover Window (GMT+3) | Leverage During Rollover |
Forex | 23:30 – 01:00 | 1:200 |
XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAGUSD, XAGEUR, XAUJPY | 23:30 – 01:10 | 1:50 |
BRENT | 22:54 – 03:15 | 1:20 |
WTI | 20:45 – 01:15 | 1:20 |
US indices | 19:55 – 01:40 | 1:100 |
EU indices | 22:25 – 10:10 | 1:30 |
JP225, HK50, CHA50, SG20 | 22:25 – 02:40 | 1:50 |
AU200 | 19:55 – 01:05 | 1:50 |
UK100 | 22:25 – 10:10 | 1:30 |
US Shares | 22:25 – 16:55 | 1:5 |
BTCXAU | 22:30 – 00:06 | 1:50 |
Weekends and public holidays
Weekends and public holidays
Symbols | Weekend Rollover Window (GMT+3) | Leverage During Rollover |
Forex | 23:30 – 01:05 | 1:200 |
XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAGUSD, XAGEUR, XAUJPY | 21:58 – 01:20 | 1:50 |
BRENT | 12:54 – 03:15 | 1:20 |
WTI | 18:45 – 01:15 | 1:20 |
XNGUSD | 22:45 – 01:15 | 1:20 |
US indices | 19:55 – 01:40 | 1:100 |
EU indices | 20:00 – 10:10 | 1:30 |
JP225 | 21:00 – 02:45 | 1:50 |
AU200 | 19:55 – 01:05 | 1:50 |
US Shares | 20:45 – 16:55 | 1:5 |
BTCXAU | 19:00 – 00:50 | 1:50 |
How to check HMR schedule in MetaTrader
On the daily basis we send the HMR schedule in MetaTrader terminal. Follow this steps to check the schedule:
Open your MetaTrader desktop terminal and login to your JMarkets trading account
Go to Mailbox in the bottom of the terminal
Find 'High Margin Requirements schedule' from JMarkets email.
Each message will include the date, time and for which instruments the leverage is going to be reduced. The leverage during the HMR period is also indicated in the for your consideration.
HMR Examples
Example 1
HMR during news release
News release of Personal Consumption Expenditure Core (YoY) are planned at 12:30
Client opens a trade on USDJPY 1 lot (where maximum leverage is 3000) at 12:27
According to HMR rules between 12:15 and 12:35 (HMR period), any new orders opened on Forex majors will have a margin held at an HMR leverage of 1:200.
Hence required margin for the trade USDJPY 1 lot is:
Required margin (HMR) = 1 x 100,000USD/200 = 500 USD instead of 33.33 USD (if there are no any news releases and other HMR cases).
Example 2
HMR during rollover
Rollover time 00:00
Client opens a trade on XAUUSD 0.5 lot (where maximum leverage is 3000) at 23:56
According to HMR rules between 23:30 and 23:59 (HMR period), any new orders opened on XAUUSD will have a margin held at an HMR leverage of 1:200.
Hence required margin for the trade XAUUSD 0.5 lot is:
XAUUSD contract size = 100
XAUUSD price = 1,933.50
Required margin (HMR) = 0.5 x 100 x 1,933.5/200 = 483.37 USD instead of 32.23 USD.