XM increases Margins on MT4 & MT5 due to French Election this week!
The second(run-off) round of the French Presidential Election is coming up this Sunday, May 7th, 2017.
As you may be already aware of, the event may cause extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currency, commodity and stock markets globally.
In light of the French Election, XM is going to change Leverage(Margin Requirement) on both MT4 and MT5, in order to protect the traders and the Company from the anticipated market turbulence during the elections.
The change will be made from 17:00 p.m. server time (GMT+3) on Friday, 5th of May 2017, as follows:
|MT4 & MT5 Symbols||Temporary Maximum Leverage|
|All Forex pairs & Gold, Silver||1:50 (2% of Margin)|
|Equity Index & Commodity CFDs||1:25 (4% of Margin)|
The above Leverage change will affect both new positions and existing open positions on MT4 and MT5 platforms.
This temporary measure will be completely waived for all positions and margin requirements will revert to normal (as per normal client account leverage settings) by Monday 8th of May 2017.
*Which is shortly after the announcement of the results of the second round of the French presidential elections.
If you are looking to trade through the expected high market volatility, you may want to make sure that your live accounts are sufficiently funded to support trading positions avoid margin calls and Stop Out(liquidation).
XM continues to follow the market and update your on the matter if there is any changes again.