June 23, 2016 Great Britain will hold a referendum concerning membership in the European Union. Due to this event, starting June 22, 12:00 GMT 3, margin requirements will be increased regarding all EUR and GBP related currency pairs.
The following changes will be introduced in order to protect clients from high volatillity:
1) As for EUR/USD, EUR/JPY, EUR/NOK, EUR/SEK, EUR/CAD, EUR/AUD and EUR/NZD, leverage will be reduced by half from the current values (50% reduction);
2) EUR/CHF leverage will remain unchanged;
3) As for GBP/USD, EUR/GBP, GBP/JPY, GBP/CAD, GBP/AUD and GBP/NZD leverage will be reduced by 4 times from the current values (75% reduction);4) As for GBP/CHF and GBP/RUR, leverage will be reduced by 4 times from the current values if total account funds exceed USD 200 000 (75% reduction).
You will receive additional notification on limitations removal. We recommend you to check your current accounts parameters and to be prepared for potential margin growth.