Market uncertainty is increasing due to the upcoming vote on the Brexit agreement in the UK Parliament. The vote is planned to be held on Tuesday, 15 January 2019. In response to this situation, we'll be making temporary changes to our trading terms.
Starting from 09:00 (EET) on Tuesday, 15 January 2019 and until 12:00 noon (EET) on Wednesday, 16 January 2019, we will reduce the maximum possible leverage on selected CFD instruments as follows:
- 1:200 on Forex and selected commodities: All currency pairs (except CZK and RUB pairs) and GOLD, SILVER, WTI, BRENT, XAUUSD-ECN, XAGUSD-ECN, XAUAUD-ECN;
- 1:100 on Indices and select futures-based instruments: [ASX200], [DAX30], [DJI30], [FTSE100], [NQ100], [SP500]; [AEX25], [CAC40], [HSI50], [IBEX35], [JP225], [MDAX50], [OBX25], [SMI20], [STOXX50], [TECDAX30], #Bund, #USTNote.
Amended margin requirements will apply to open positions and will affect the amount of your current margin collateral. Please be advised to carefully check your account status.
Margin requirements in respect to positions established in other instruments with the leverage of 1:100 or lower will not be affected by this temporary change to the trading terms. At the same time, we reserve the right to make further changes to trading terms depending on the market situation.
Considering the probability that the result of the vote will trigger abnormal market conditions and/or exceptional market movements/volatility, we remind you that our negative account balance policy does not apply in abnormal market conditions. We recommend to review the exposure in all affected instruments and adjust it to acceptable risk levels if required.
Please be aware of other increased risks within the period leading up to and following the UK Parliament Brexit vote, among all other risk factors:
- Sharp moves and significant gaps in market prices, especially in GBP-based CFDs and currency pairs containing the GBP;
- Limited liquidity, which may result in significantly wider spreads, and an increased amount of order rejections and slippage.
With this in mind, it is a good idea to check all open positions and ensure they have appropriate stop losses in place. You can edit the stop loss level at any time for FREE in our trading tools.
Also consider whether you would like to close some positions, full or partial, or deposit new trading capital to your trading account, to create a higher buffer for potential volatility.
Finally, remember that stop loss orders are a tool intended to automate your position exit routine - they are not a guarantee of a certain position exit price, and clients should still be aware of the high risk of gaps in market prices during volatile periods.