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Trade Responsibly. FxPro is not regulated by the Brazilian Securities Commission and is not involved in any action that may be considered as solicitation of financial services; This translated page is not intended for Brazilian residents.Trade Responsibly.Trade Responsibly.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.90% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.CFDs and Spread Betting are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.59% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
FxPro is not regulated by the Brazilian Securities Commission and is not involved in any action that may be considered as solicitation of financial services; This translated page is not intended for Brazilian residents.Invest Responsibly: Trading CFDs involves significant risks.

Corporate Actions

Margin requirements for shares, with an upcoming earnings report and/or corporate and/or other action (collectively, the ‘corporate event’), may increase up to no more than 5 times the normal percentage, 5 business days prior to the corporate event, and may remain in effect after the corporate event at FxPro’s sole discretion.

During the affected period, new margin requirements will apply for all existing and new trades. FxPro clients remain fully responsible for monitoring both the required margin of their account(s) and free margin prior, during and post the affected period. As a result of the above, FxPro clients understand and accept that this may result in their account(s) incurring a margin call and/or stop out.

Dividends
  • FxPro reserves the right to increase margin requirements prior to the release of a dividend.
  • Long Positions – Clients holding long positions on the ex-div date will receive a dividend in the form of a cash adjustment (deposit).
  • Short Positions – Clients holding short positions on the ex-div date will be charged the dividend amount in the form of a cash adjustment (withdrawal)

Note: Stock may be offered as a dividend, the dividend amount should be calculated using the share price to determine the cash adjustment (see fractional share adjustments).

Fractional Share Adjustments

In the event the corporate action results in a fractional position, the fractional component may be represented as a cash adjustment independent of the handling for the non-fractional position. The adjustment value will equal the fractional position times the adjusted closing price on the day prior to the ex-date.

Stock Splits
Normal Stock Split

As there is no impact on the company’s market capitalisation the action carried out is to reflect the clients existing share position using the split ratio announced.

Example:
  • Client bought 100 shares in AAPL at $400, currently trading at $500. AAPL announce a 2-for-1 Stock Split
  • Client's 100 share position is closed flat
  • 2 New positions are opened for the client, 100 shares each opened at $200, new market price is $250
  • Client is not affected as equity remains the same as before the Stock split
Reverse Stock Split

Again there is no impact on the company’s market cap and the clients positions need to be amended to reflect the new share price.

Example:
  • Client bought 100 shares in AAPL at $400, currently trading at $500. AAPL announce a 1-for-10 Stock Split
  • Client's 100 share position is closed flat
  • 1 new position is opened for the client, 10 shares opened at $4000, new market price is $5000
  • Client is not affected as equity remains the same as before the Stock split
Rights Issue

Results in one of the following: Delivery of right security, issuance of CFD on the right or cash adjustment.

  • Though a rights issue will give the client an option of purchasing the share at a discounted price, the share price will be reduced also as the additional share will dilute the share value
  • Action to prevent shorting of share after announcement