HMR refers to periods when higher margin amounts are required, typically capping leverage to mitigate risks during volatile events, such as news releases or market closures.
HMR during news releases
For the majority of instruments, orders opened up to 15 minutes before and 90 seconds after a high-impact news release are subject to higher margin requirements (HMR). During this time, leverage for affected instruments is capped. Learn more about the leverage requirements for instruments below.
After HMR, margins are recalculated based on the account’s equity and leverage.
Please note that depending on your trading activity and real-time market risk, you may have no HMR or brief periods with higher margin requirements. You can find all the details in your Personal Area.
HMR during market closures
HMR is also applied before and after scheduled market breaks, including weekends, public holidays, and daily breaks.
Once the HMR period ends, margin requirements are automatically recalculated based on the account’s equity and selected leverage.
| Instrument group | Before weekend break | After weekend break |
|---|---|---|
|
All other trading instruments except crypto*, non-ferrous metals and energies |
~3 hours | 1 hour |
|
Non-ferrous metals XPD, XPT, XAL, XPD, XCU, XNI, XZN |
4 hours |
15 minutes
|
| USOIL | 4 hours | 45 minutes |
| UKOIL | 5 hours | 5 minutes |
| XNGUSD | 4 hours | 5 minutes |
HMR periods may differ by instrument and can change. Check the Trade App for the latest HMR details for each instrument.
*Cryptocurrency instruments are not affected by weekend closures.
| Instrument group | Before daily break | After daily break |
|---|---|---|
| US Indices (US500, US30, USTEC) | ~3 hours | 10 minutes |
| JP225 | ~1 hour 30 minutes | 1 hour 40 minutes |
| DE30, FR40, UK100 | 1 hour 35 minutes | 9 hours 10 minutes |
| STOXX50 | 1 hour 35 minutes | 2 hours 25 minutes |
| HK50 | 30 minutes Last session: ~4 hours |
15 minutes |
| AUS200 | 4 hours Last session: ~4 hours |
5 minutes |
| USOIL | 1 hour | 12 minutes |
| UKOIL | 1 hour 30 minutes | 5 minutes |
| Natural Gas (XNG) | 1 hour | 5 minutes |
| Gold (XAU*) | 30 minutes | ~10 minutes |
| Silver (XAG*) | 30 minutes | ~10 minutes |
| Non-ferrous metals (XAL, XPB, XCU, XNI, XZN) | 4 hours | 15 minutes |
| Non-ferrous metals (XPD, XPT) | 4 hours | 1 minute |
| Stocks | 20 minutes | 15 minutes |
| BTCXAG, BTCXAU | ~30 minutes | 5 minutes |
Instruments and their leverage during HMR
Margin requirements for selected instruments are changing from fixed to dynamic. Check the affected instruments and rollout schedule.
| Instrument group | Instruments | Leverage during HMR |
|---|---|---|
| Forex | All | 1:200 (0.5%) |
| Energies | USOIL, UKOIL, XNGUSD |
Daily break: 1:20 (5%) Weekend break: 1:10 (10%) |
| Metals | XAU | 1:100 - 1:1000 (0.1% - 1%) |
| XAG | 1:50 - 1:200 (0.5% - 2%) | |
| XPTUSD, XPDUSD |
Daily break: 1:100 (1%) Weekend break: 1:20 (5%) |
|
| Other metals | 1:50 (2%) | |
| Indices | US30, USTEC, US500 | 1:50 – 1:100 (1% - 2%) |
| All others | 1:20 – 1:50 (2% - 5%) | |
| Stocks | All | 1:5 (20%) |
| Cryptocurrencies | BTCUSD, BTCUSDT, ETHUSD, ETHBTC | 1:200 - 1:400 (0.25% - 0.5%) |
| BTCJPY | 1:200 (0.5%) |
If the account leverage is lower than the HMR leverage, margins will be calculated using the account leverage.
You can find HMR period information in the Chart indicators in Exness Terminal and Exness Trade.