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Atiora is going to apply “British Referendum Leverage” to GBP cross pairs and UK 100 from 6th of June, 2016.
The broker expected extremely low liquidity and high volatile market condition coming due to UK Referendum Vote, and will take risk management measures accordingly.
The UK Referendum Vote will be taken place on 23th of June, and the changed leverage will be applied from 6th of June.
The changes are as follows:
Effective on the market open June 6th (5 PM NY time on June 5th), the margin requirement on UK 100 and all GBP FX pairs will be 2% (leverage of 50:1).
Effective on the market open June 20th (5 PM NY time on June 19th), the margin requirement on UK 100 and all GBP FX pairs will be 4% (leverage of 25:1) until further notice.
You are recommended to make adjustments to your positions and manage accounts accordingly.
Atiora will not take any responsibilities to the losses caused by “Stop Out”(liquidation) caused by the leverage update.
For any inquiries regarding to the change, please contact Atiora support team directly.