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    Changes in trading terms around the Brexit vote

    June 07, 2016 19:05

     

     

    Dear Trader,

    Please note that there will be temporary changes in our trading terms, lasting from Monday, 20 June until 12:00 pm, 27 June.

    1. Margin requirements for all currency pairs with the pound sterling (GBP) will increase by ten times on M.Standard and M.Pro live accounts, as follows:

    Account Balance
     
    EUR or USD Leverage for currency pairs with GBP
    Up to 5,000 1:100
    5,000 - 20,000 1:50
    Over 20,000 1:20

    This will affect the following instruments: GBPCAD, GBPNZD.2. Opening new positions using the less liquid cross rates with GBP will be restricted for the duration of the above terms.

    Additionally, internal fund transfers from or to GBP accounts via Trader's Room may be temporarily disabled on Thursday, 23 June.

    We kindly ask you to properly evaluate the potential impact of the above changes on your trading.

    Please be aware of the following risks within the period leading up to, during and shortly after the Brexit vote:

    1. sharp moves in currency pairs, especially in pairs with GBP
    2. significant price gaps
    3. limited liquidity, which may result in an increased amount of order rejections and slippage.

    In addition to the amendments described above, MTrading reserves the right to make further changes, depending on the market situation around the Brexit vote.

    This includes, but is not limited to, increased margin requirements on other instruments and additional trading restrictions.

    Sincerely,

    MTrading


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