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Dear Valued Client,
Due to the expected volatility in the financial markets in light of the upcoming Italian referendum taking place on 4th December 2016, many of our Liquidity Providers are increasing their margin requirements across the board on all instruments.
As a result, effective as at Friday 2th December 2016, the Margin Requirement on ALL accounts for ALL instruments will be increased.
The margin requirement on ALL Instruments will quadruple.
Currently if your account is set to 200:1 leverage the FX margin requirement is 1%. From Sunday FX margin requirements will INCREASE to 4%.
Our goal is to get the margin on all instruments back to current levels soon after the Italian referendum results are released, but it will of course depend on our Liquidity Providers and the volatility in the market.
In preparation for the reduced leverage, you may need to lessen your risk/exposure, or close off open positions and/or add funds to your trading account.
In the period leading up to, during and shortly after the Italian referendum we will closely monitor liquidity, market volatility and spreads, and want to ensure that you are aware of the risks associated with trading under these circumstances.
If you need to fund your account, please click here for all available funding methods.
Please do not hesitate to contact us if you have any questions regarding this announcement.