FxPro, Limited Leverage on TRY pairs ahead of Turkish general election
Important: Lira margins changing around Turkish election.
On 24th June 2018 the Turkish general election will take place.
Due to the potential for extreme volatility, FXPro will change the margin requirements on all TRY related pairs up to 5% (from 1:100 to 1:20).
We recommend that you monitor positions carefully and maintain a sufficient account margin surplus throughout this period, particularly prior to the weekend ahead of Monday’s open.
- While FXPro make all possible efforts to keep spreads at a minimum, please note that wider spreads may be observed across several instruments.
- Prior to and in the aftermath of the election, FxPro reserves the right to allow fixed spreads to float to reflect underlying market conditions.
- In case of extreme volatility and illiquidity, FxPro reserves the right to refuse the opening of new positions, enabling ‘Close Only’ functionality.
FXPro will continue to assess conditions around the election and, if necessary, these margin requirements might be modified further.
If you wish to maintain positions for any of these pairs over the period of the Turkish election, you should first ensure that your free margin is sufficient and consider funding your account further.
For more information or inquiries regarding to the changes above, please contact to the support team from the Official Website.
