Please be prepared for the Brexit EU Referendum Poll on 26th of June.
On June 23, Britain will hold a referendum on whether to remain in the European Union. It is expected to affect markets worldwide. There is still much uncertainty surrounding the event, presenting both opportunities and risks.
You may need to foresee a period of high volatility, decreased liquidity, and increased spreads.
Please be informed that effective June 15 2016 at 07:00 GMT, on the MT4 platform the margin requirement on all the FX pairs and Metals will be doubled, ahead of the UK’s Brexit vote which takes place on the 23rd June.
In addition UK100 effective June 15 2016 at 07:00 GMT will have a 10% margin requirement.
There may be further changes to the margin requirements on the 22nd of Junedepending on market conditions. Another email will be sent closer to that time.
Please make sure your account has adequate margin in order to maintain existing positions and/or continue trading.
Traders Trust wants to make you aware of these changes and to give you notice so that you can prepare extra funding for your account should this be necessary. In preparation of the changes, you may need to close open positions and/or add funds to your trading account.
It is YOUR responsibility to make sure that you have enough margin for your open positions in order to avoid Margin Call and/or Stop out.