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June 19, 2018

XM, TRY margin increased due to Turkish General Election on June 24th

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Volatility Alert – Turkish Election on June 24th, 2018.

Please note that XM will increase ‘Margin Requirement’ on TRY pairs, due to upcoming Turkish General Election.

The political event will take place on the 24th June 2018.

We expect that the event will cause following market situation:

  • High market volatility
  • Thin market liquidity
  • Higher spreads
  • Price gaps

in many currency pairs, commodity and stock markets globally.

XM’s risk management measures

The temporary measure which XM will implement is as follow:

Time From 18:00 p.m. on Friday, 22nd June 2018*
Affected Symbols USDTRY and EURTRY
Leverage changed to 1% (100:1 leverage)
The time is showed in server time GMT+3.

The changes above affect both ‘New Opening Positions’ and ‘Existing Positions’.

By Monday 25th June 2018, shortly after the announcement of the results of the Turkish General Election, XM will announce to revert all the conditions to normal.

Please ensure you have the latest version of the XM MT4/MT5 Client Terminal to see the correct margin requirements.

For more information, please contact XM support team from the Official Website.

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