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October 17, 2019

HYCM, High Volatility - Margin Requirement increased for EU Summit (UK parliamentary sitting)

The EU Summit this week is expected to cause high volatility in market prices.

uk-parliamentary-eu-summit-brexit-high-volatility-margin-leverage uk-parliamentary-eu-summit-brexit-high-volatility-margin-leverage

We would like to inform you of a possible extraordinary UK parliamentary sitting on Saturday 19th October 2019 where a vote may be held on a Brexit deal achieved at the EU Council meeting this week.

Due to the well publicised uncertainty created by Brexit, we would urge all clients to prepare for potentially large market movements and volatility which may cause market gaps.

To manage your account effectively, please ensure that you review your margin rates and that there is sufficient collateral to cover your exposure.

Margin Requirement increased before the event

Visit HYCM Official Website

Note that HYCM will be increasing margin requirements on some of the products as the results of EU Summit this week are likely to cause increased market volatility.

Those changes will be temporary and HYCM hopes to return all the trading conditions to normal on Monday 21st October 2019.

The temporary increase to the margin requirements will become effective from Friday, 18th October 2019.

Product Name Symbol Margin from 18 October
UK 100 INDEX CFD UK100dec19 3.0 %
GERMANY 30 INDEX CFD GER30dec19 3.0 %
EURO 50 INDEX CFD EUR50dec19 3.0 %
FRANCE 40 INDEX CFD FRA40nov19 3.0 %
ITALY 40 INDEX CFD ITA40dec19 3.0 %
SPAIN 35 INDEX CFD SPA35nov19 3.0 %
BRITISH POUND VS AUSTRALIAN DOLLAR GBPAUD 3.0 %
BRITISH POUND VS CANADIAN DOLLAR GBPCAD 3.0 %
BRITISH POUND VS SWISS FRANC GBPCHF 3.0 %
EURO VS BRITISH POUND EURGBP 3.0 %
BRITISH POUND VS JAPANESE YEN GBPJPY 3.0 %
BRITISH POUND VS NEW ZEALAND DOLLAR GBPNZD 3.0 %
BRITISH POUND VS US DOLLAR GBPUSD 3.0 %

Although HYCM always do their best to keep the spreads values as advertised, please also be aware that spreads on all the CFD products affected by the heightened market volatility can be increased without any notice.

Please ensure that your account is fully margined at all times.

The above terms may be subject to amendment if there is a change in the underlying market conditions.

For more information, please contact support team of HYCM from the Official Website.

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