XM’s Important Notification regarding to “Japanese General Election”.
XM - What's now?
Leverage 1:888 does not apply to client registered under the EU regulated entity of the Group. The maximum leverage for Trading Point of Financial Instruments is 30:1.
Please note that due to Japanese General Election on Sunday October 22nd, XM is going to increase margin on several financial instruments from this Friday.
In light of the election, and in order to protect the clients and XM company from the anticipated market turbulence during the election, XM will implement the following temporary measure:
|Date & Time||From 20:00 p.m. server time (GMT+3) on Friday, 20th October 2017|
|Margin Increased to 1%(100:1 leverage)||all JPY currency pairs, GOLD and SILVER|
|Margin Increased to 2%(50:1 leverage)||JP225 and JP225Cash|
The above trading conditions are only temporary and all temporary measures will be waived completely by Monday 23rd of October 2017, which is shortly after the announcement of the results of the Japanese General Election.
What traders need to be aware of?
While noting for the temporary measure above, traders are also alerted for possible extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currency, commodity and stock markets globally.
If you intend to keep open positions during the upcoming Japanese General Election should make sure that their trading accounts are sufficiently funded to avoid any disturbances from possible margin calls and/or stop-outs in their trading activity.