HotForex may enable “Close Only” mode & Leverage Restriction for French Election

May 4, 2017

HotForex may change trading conditions for French Presidential Election thus Sunday.

HotForex may enable “Close Only” mode & Leverage Restriction for French Election

As you may have already aware of, the upcoming 2nd round of the French Elections will be held on 7th of May, Sunday which may may cause uncertain market conditions such as price gaps, high volatility, thin liquidity and abnormal spreads.

In light of the above political event, HotForex may take precautionary measures to protect its clients and the company itself.

In the next few days, the following risk measures may be applied to all HotForex’s live trading accounts.

  • Enabled Close Only mode for several financial instruments
  • Increased margin(Leverage restriction) applied to several financial instruments

HotForex will continue monitor the developments of the French Election closely, and shall inform traders for any changes to the service conditions further.

At this moment, no risk management measures has been taken or applied yet.

For more information, please contact HotForex support team.

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