On June 23, 2016, the UK will hold a referendum on the issue of the European Union membership. This event is expected to trigger higher volatility on currency pairs with the British Pound and low liquidity.
To minimize risks of our clients, FBS company is introducing the following changes to trading conditions:
- For trading accounts with the balance exceeding 100$, the maximum leverage will be set at 1:1000.
- Margin requirements on all currency pairs containing GBP, as well as on GOLD will be increased 4-fold.
The changes will come into force at the market opening on June 20 (00.00 MetaTrader time) and remain in affect till the market closure on June 24 (24.00 MetaTrader time).
We recommend you to calculate the required margin for executing orders and for supporting your open positions in advance and to always make sure you have enough free margin on your trading account to avoid mandatory closure of your positions.