Change of trading conditions on Libertex due to French Election.
ForexClub has informed several changes on trading conditions in light of the 2nd round of Presidential elections will take place in France, on May 7th 2017.
This event may cause a significant increase in volatility and liquidity problems in the market that can result in spreads widening and substantial risk.
Owing to this and in order to protect traders from related possible losses, our company decided to change some of the trading conditions in the days leading up to and after the vote.
First of all, the changes will affect the maximum trading volume when opening new positions or increasing the volume of existing positions. Furthermore, events in the market can lead to a decrease in leverage and a decrease in the maximum multiplier.
Please note that the decision on changing trading terms and conditions will be made depending on the market situation.
We advise you to be very careful when using the maximum multiplier as it can result in compulsory closure of positions when volatility is high and liquidity is low.
We expect that all the changes introduced will be temporary, and in the very near future we will be able to return to previous trading conditions.
For more information, please contact ForexClub support team.