Dear MEMBERs
Further to our previous important announcement for market volatility alert, because of the Greek debt crisis and upcoming referendum on Sunday July 5 2015, we would like to inform you that the margin requirements for specific instruments will be changed as to the below for all account types and for all open and new trades.
- All Forex Majors and Minors and all EUR crosses to 2% margin requirement.
- All Precious metals to 3% margin requirement.
- For All Spot Indices and Index Futures the fixed margin per lot will be doubled
- For energy futures, spot crude oil and spot Brent oil the fixed margin amount per lot will be doubled
Additionally please note that depending to the market volatility fixed spread accounts might change to floating spreads until spreads normalize.
Once again we want to alert you to use diligent risk management strategies when trading, especially EURO crosses or any EURO correlated instruments and if you currently have open positions, we urge you to adjust your contract size and/or deposit additional funds into your account to maintain the above margin requirements given the increased volatility.
The above changes will be in effect as of today 03/07/2015 at 17:00 server time. Margin requirements will change back to normal on Monday 06/07/2015 once the volatility subsides for each instrument. If it is deemed necessary to adjust trading conditions further in any way we will update you accordingly. Please do not hesitate to contact us if you have any further questions.
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