Due to the upcoming referendum in Britain on 23rd of June and resulting increased volatility and liquidity concerns leading up to, during and shortly after the vote, we will temporarily decrease leverage for indices from 13th of June 2016. This measure aims to minimize any disproportionate fluctuations in positions that such uncertainty could create in the markets.
Please refer to the following updated leverage table for indices.
|Instrument||Current Leverage||New Leverage (from 13/6/2016)|
The new margin requirements will be applied to existing opened trades.In light of this situation, we strongly advice our clients who have leverage in indices, to take the excessive volatility and thin market liquidity into consideration when planning their trading strategy and exercise prudent risk management.
Please take into account that due to low liquidity, trading for these instruments can be halted or moved to "Close only" mode.
HiWayFX advises clients to avoid holding big open positions through the referendum or to deposit more funds to maintain adequate margin in your account.