January 24, 2017

KVB Kunlun, Full Market Hours & Leverage for Chinese New Year holidays on MT4

Leverage Adjust of CHINA300 & Deposit/Withdrawal Arrangement during Lunar New Year Holidays.

During the long Chinese New Year holidays, it is expected that there will be increasing market volatility and uncertainty.

Therefore, in order to better protect and control customer accounts from a market risk perspective, KVB Kunlun will change the leverage level of CHINA300 from 1:100 to 1:20 as an interim measure commencing Jan 26, 2017 (Thursday) Beijing Time 6:45 UTC+ 8.

During the adjustment period, there will be approximately one to two minutes delay on the trading system which may affect the execution of your orders. Please be cautious when trading during this adjustment period.

The leverage level of CHINA300 after 26/01/2017 is shown below:

Product Current Leverage Level (until 25/01/2017) Adjusted Leverage Level (effective from 26/01/2017)
CHINA300 1:100 1:20

KVB suggests that you exercise caution during this trading period, pay attention to your account risk management strategy and closely monitor your account at all times.

Besides, Deposit and Withdrawal Services during Lunar New Year Holidays:

Services Account opening & Enquiry Deposit Withdrawal
27/01/2017 (Fri) 4:00AM-15:30PM (BJT) Online deposit & T/T in USD (or other currency)# 4:00AM-11:00AM (BJT)
30/01/2017(Mon) Not Available Not Available Not Available
31/01/2017(Tue) Not Available Online deposit & T/T in USD (or other currency)* Available^
01-03/02/2017(Wed-Fri) Available Online deposit & T/T in USD (or other currency) Available^
06/02/2017(Mon) Available Online deposit Only, T/T in USD (or other currency) not available CNY Withdrawal Only, USD (or other currency) withdrawal not available

# deposit processing time: 04:00-15:30 (BJT)
* deposit processing time: 04:00-13:30 (BJT)
^ Due to the Lunar New Year Holidays, please note that the fund receiving time may vary.

6th Feb 2017 is a New Zealand public holiday, all USD and other currency deposits or withdrawals will be suspended on that day. All unprocessed transactions will be handled on the next working day.

Please arrange your funds transfer in advance to make sure your account has sufficient funds to secure your positions. If you have any concerns, we recommend you reduce your positions or increase your margin immediately.

If you have any questions, please feel free to contact KVB Kunlun representatives.

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