French presidential election 2017, second round!
In the context of the second round of the French presidential elections, which will take place on 7th May 2017, it is expected that the financial markets and in particular Euro currency pairs may experience increased volatility.
We ask you to carefully assess the potential financial risks associated with the transactions before the elections in France.
The preliminary outcome and final results of the second round of the French presidential elections, 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 French presidential elections dates. High volatility on Euro (EUR) 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).
If you have any further questions, please do not hesitate to contact Your Account Manager.
Thank you for your understanding.
Renesource Capital markets brokerage team