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May 23, 2018

Tickmill, Margin increased on USD/HKD due to possibility of abolishment

Reduction of Maximum Leverage on HKD Pairs.

Please be informed that due to the possibility of abolishment of the USD/HKD peg and the likely subsequent high volatility and low liquidity on that currency pair, there is an increased risk of significant price gaps/spikes and widened spreads, which may cause negative equity on client accounts.

Tickmill is taking some preventative steps to protect the best interests of its clients to ensure a continuous safe trading environment for all parties.

In light of the above developments, please be informed that on, Thursday the 24th of May at 15:00 Server Time (GMT+3), the margin requirements for all HKD pairs will be increased to 2% (1:50).

This will be applied to existing and new orders and to all accounts no matter their current leverage.

As a result of the above-mentioned adjustment, we kindly request that you evaluate your current exposure and calculate whether further funding will be necessary to maintain your open positions.

Furthermore, please note that Tickmill will continuously monitor the reactions of the market and reserves the right to hike margins further in the future if needed.

For more information or inquiries, please contact Tickmill support team from the Tickmill Official Website.

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