Admiral Markets - Investment Account Transition
Editorial note: archived material published in 2024. The information, terms and figures reflect the situation as of that date and may be out of date; this material is not an offer or a recommendation.
Admiral Markets – Investment Account Transition
Dear Investor,
We are informing you about an upcoming administrative change regarding the management of the Invest.MT5 account of Admiral Markets.
At present, when you buy assets through the regulated brokerage company Admiral Markets, the transaction value is held in your account as margin until you decide to sell and realize the profit or loss.
Starting on Saturday and Sunday, respectively September 7-8, 2024, there will be a change in how transactions in your account are administered. Instead of the transaction value being held in the account, the cash value will be deducted directly from your account's available balance. This essential change will not affect the investments you hold in your current Invest.MT5 account; they will be transferred (reopened) by us into a new cash-based Invest.MT5 account.
What you should know about this change
To facilitate this transition and ensure you understand the process of buying and selling assets on the new cash-based Invest.MT5 account, here are the main points highlighted for reference:
1. Transition weekend: During the weekend mentioned above, all actions related to creating a new cash-based Invest.MT5 account (you will need to set your password later), moving funds, and transferring open positions from your current Invest.MT5 account to the new cash-based Invest.MT5 account will be performed by us. No action is required from you.
2. Cash value deduction: The cash value for any open position on the new Invest.MT5 account will be deducted from your account balance instead of being held in the account as margin.
3. Initial margin: The initial margin value used for open positions in your current Invest.MT5 account will be applied while the cash value of the position will be deducted from the balance of the new Invest.MT5 account.
4. Floating P&L calculation: The calculation of floating profit and loss for any open position in the new Invest.MT5 account will now depend on the open value of your position, which is determined by the position size, open price, and foreign exchange rate (when the account currency differs from the listing currency) displayed when the position is opened. Floating P&L will be the difference between the potential closing value (based on the current market price) and the open value. In the current version of the Invest.MT5 account, floating profit and loss are calculated based on the difference between the current market price and the opening price, multiplied by the position size and the current foreign exchange rate.
CURRENT:
INVEST.MT5 floating P/L = position size*(current market price - opening price)* current exchange rate
NEW:
INVEST.MT5 floating P/L = (position size*current market price*current exchange rate)-(position size*opening price*exchange rate at opening)
The new calculation method uses exchange rates differently, taking into account both the rate at the opening of the position and the current rate, compared with the previous calculation method. Because of this change, you may notice a difference in the fluctuating profit and loss account displayed for positions opened after the transition.
5. Commissions: Commissions for closing and reopening positions on current and new Invest.MT5 accounts during the transition will not apply. After the transition is completed, standard transaction commissions will apply.
6. Pending orders: Your pending orders will not be automatically moved to your new Invest.MT5 account. Re-entering these orders will be solely your decision. Regarding the new Invest.MT5 account, margin will be reserved as a mechanism to ensure the availability of the necessary funds when a pending order is submitted for execution.
In addition:
Please make sure that all necessary statements or reports related to your trading activity on the current Invest.MT5 account, such as the Dividend Distribution Report, are saved or downloaded in advance, as this account will be closed after this administrative change.
Before the transition weekend, we recommend that you review your current positions and pending orders. This could be useful for evaluating whether adjustments to your portfolio are needed in anticipation of the upcoming change.
Get the Support You Need
Call us if you have questions or want technical support regarding the Admiral Markets account transition.
Direct phone: 060-887-887
Open Investment AccountRisk warning: This article is for information and education only, reflects the situation as of its publication date and does not constitute investment advice, an offer or a recommendation to buy or sell any financial instrument. Trading leveraged instruments (Forex, CFDs) and crypto-assets carries a high risk of losing your capital. Past performance does not guarantee future results. Before investing, assess your objectives and risk tolerance and, if needed, consult a licensed adviser. Details: Disclaimer & Risk Warning.
Translated from the Romanian original with AI assistance.