On June 23, Britain will hold a referendum on whether to remain in the European Union.
It is expected to affect markets worldwide. There is still much uncertainty surrounding the event, presenting both opportunities and risks. Traders Trust foresees a period of high volatility, decreased liquidity, and increased spreads.
Please be informed that effective June 22 2016 at 07:00 GMT, on our MT4 platform – in addition to the changes on the margin requirement that happened on the 15th of June – the margin requirement on all GBP pairs will become 5% as well as for all EUR and all the Major pairs the margin requirement will become 2% , ahead of the UK’s Brexit vote which takes place on the 23rd June.
There may be further changes to the margin requirements – closer to the date of the referendum, on the 22nd of June, or even on the 23rd of June – depending on market conditions. Another email will be sent from Traders Trust in case more margin requirement changes will be applied.
Please make sure your account has adequate margin in order to maintain existing positions and/or continue trading.
Traders Trust would like to make you aware of these changes and to give you notice so that you can prepare extra funding for your account should this be necessary. In preparation of the changes, you may need to close open positions and/or add funds to your trading account.
It is YOUR responsibility to make sure that you have enough margin for your open positions in order to avoid Margin Call and/or Stop out.