Trading Margin Requirements changes ahead of French Presidential Election 2017.
This article is originally referred from Traders Trust News.
Please be informed that effective 05/05/2017 14:00 GMT on Traders Trust MT4 platform, the broker will be changing the margin rates for various currency pairs ahead of the upcoming second round of the French Presidential Elections 2017.
Please see below the margin changes in the various instruments:
the margin requirement on ALL EUR pairs will become 4%
the margin requirement on ALL other FX pairs and Metals will become 3%
the margin requirement on FCHI will become 4%
Any possible surprises could introduce extreme volatility in the European markets in particular and global markets in general. There is an increased risk of price gaps given that the results might be published before market open on Sunday 7th of May 2017.
We wanted to make you aware of these changes so you can prepare extra funding for your account should this be necessary.
In preparation of these 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.
The margin Requirement on all pairs will return to normal at 08/05/2017 10:00 GMT, if the prevailing market conditions will allow it.
Should you have any questions or require assistance please contact the support via live chat on the official website.
Original Source: Traders Trust News