Important Notification – German Federal Election/New Zealand General Election.
XM - What's now?
Leverage 1:888 does not apply to client registered under the EU regulated entity of the Group. The maximum leverage for Trading Point of Financial Instruments is 30:1.
Please note that XM is going to increase Margin Requirement on several symbols due to New Zealand General Election and German Federal Election coming up this week.
New Zealand General Election and German Federal Election will take place on 23rd and 24th(Saturday and Sunday).
Please find the details of changes on “Margin Requirements”.
|Affected Financial Instruments||Leverage Changed to:||Hours from:|
|EUR Pairs||1% (100:1 leverage)||20:00 on Friday, 22nd September|
|NZD Pairs||1% (100:1 leverage)||20:00 on Friday, 22nd September|
|Gold & Silver||1% (100:1 leverage)||20:00 on Friday, 22nd September|
*The changes above are temporary. It can be changed again without prior notice.
All temporary measures above will be completely waived by Monday 25th September 2017. Then, all leverage and margin requirements of all positions will be back to the normal parameter set by each trader for accounts.
Be aware of expected High Volatility
XM is going to take such measures in order to protect clients and the company from the anticipated market turbulence during the elections.
We expect that the elections will cause extreme high volatility in financial markets, which also leads to thin market liquidity, abnormal spread movements and price gaps.
Clients who intend to keep open positions during the upcoming New Zealand General Election and German Federal Election should make sure that their trading accounts are sufficiently funded to avoid any disturbances from possible margin calls and/or stop-outs in their trading activity.
For more information or inquiries regarding to the changes above, please contact XM support team directly.