Due to significant increased volatility in forex and finance markets related to Brexit, HiWayFX continues its commitment to protecting the best interests of its clients and the Company by taking several preventative steps to ensure a safe trading environment for all parties.
In light of the above, please be informed that from today, 24th of June, the margin requirements for all forex pairs will be increased by 2 times (2% margin). This means that if your current account leverage is 1:500, then your new leverage for currency pairs will be 1:50.
The margin changes will be applied to existing and new orders and to all accounts regardless of their current leverage.
Furthermore, a trade with the following instruments is switched to "CLOSE ONLY" mode: currency pairs from FX MINOR group, GBP pairs, stock indices, metals.
As a result of the above mentioned adjustments, we kindly request that you evaluate your current positions and calculate whether further funding will be necessary to maintain your open positions.
HiWayFX will be closely monitoring the market volatility to assess and decide whether additional preventive measures must be implemented for certain/all instruments such as further increasing margin requirements, enabling the ‘close-only’ mode as well as restricted availability of trading.
A return to normal levels and operation depends on market conditions following the British referendum.