In the context of Turkish referendum on the constitutional reforms, which will take place in Turkey on 16 April 2017, it is expected that the financial markets and in particular Turkish Lira currency pairs may experience increased volatility.
We ask you to carefully assess the potential financial risks associated with the transactions before the referendum in Turkey.
The outcome of Turkish referendum, may result in situation, when client’s equity becomes negative (negative balance). In this regards, we ask you to closely monitor and maintain your open positions and sufficiency of margin level.
We strongly encourage all Clients to carefully consider the risks associated with trading around Turkish referendum dates. High volatility on Turkish Lira (TRY) currency pairs may result in significant price gaps, widened spreads and slippages which may cause negative equity on client accounts (negative balance). It is strongly advised that Clients maintain appropriate and sufficient amount of margin on their trading accounts at all times. Volatility can trigger Margin Call and following Stop Out (Stop Loss) orders on your trading account. We recommend that Clients use Stop orders to limit risks.
Events mentioned above may create market conditions where orders are difficult to execute and execution price of the order received strongly differs from the selected or quoted price due to market movement. Renesource Capital does not offer a negative balance protection thereby Clients can lose more than they have invested (Agreement Ref. Num. A.I.22, D.I.8 and D.I.10).
Thank you for understanding and consciousness.