Important: How will the UK Election impact your trading.
On Thursday 8th of June (GMT), residents in the United Kingdom will vote in their General Election.
What does this mean for me?
During both the lead up and the period following the vote, markets may experience unusual volatility and exceptional market conditions. With increased market volatility comes increased opportunity that many traders will be taking advantage of.
Market volatility can also come with increased risk. MyFX Markets encourages all clients to ensure they monitor their trades closely around the time of the vote, particularly those trades closely related to European currencies.
For all traders with open trades on or around June 8th, we would advise ensuring all accounts hold sufficient margin and free equity to cover any potential rise in margin requirements and significant market and price movements.
If you are uncertain how this may affect your account, you may wish to consider reducing any open positions and reviewing any active pending orders. This email is a general reminder for your consideration.
In order to protect the clients from the effects of significant market movements during this period, MYFX Markets may take a prudent course of action and make temporary changes to the margin requirements for certain trading products.
The broker will endeavour to give you as much notice as possible if we do take action, otherwise no changes will be made to your account.
If you need any help, give their Service Desk a call or chat to them or email.