FXPro is going to change the trading conditions in light of the French Election this Sunday.
As you may have already known of, the second round of the French Presidential Election will be held on Sunday, May 7, 2017, and is expected to cause significant volatility across the financial markets.
In light of the political even this Sunday, FXPro is going to increase the “Margin Requirement” on certain financial instruments.
|Affected Symbols||Minimum Margin Required||From||Till|
|All European Spot Indices
and Futures Indices
|4%||May 5th at 10:00 am, UK Time (GMT+1)||Market Opening on Monday, May 8th|
|All EUR currency pairs||2%||May 5th at 04:00 pm, UK Time (GMT+1)||May 8th at 07:00 am, UK Time (GMT+1)|
Both changes above will only affect new positions, but any Existing positions shall remain unaffected.
Regarding to the above changes, FXPro would like to notify all traders for the following 3 points.
- While we make all possible efforts to keep spreads at a minimum, please note that wider spreads are expected.
- Prior to and in the aftermath of the elections, FxPro reserves the right to allow fixed spreads to float to reflect underlying market conditions.
- In case of extreme volatility and il-liquidity, FxPro reserves the right to refuse the opening of new positions, enabling ‘Close Only’ functionality.
You are strongly recommended to review your trading positions, and make sure that your live accounts are sufficiently funded enough to support positions through expected high volatility.
FXPro continues to update on the matter and provide full market analysis regarding to the French Election.