IronFX to increase margin requirement on some financial instruments

June 16, 2016

IronFX has finally announced the changed trading conditions to reduce the risk exposures for Brexit Referendum Vote.

IronFX to increase margin requirement on some financial instruments

IronFX is also getting ready for the high volatility expected on UK’s Brexit Referendum Poll.

The Brexit Vote will be placed on June 23th in 2,016, and the extreme high volatility is expected not on he date, but before and after the date.

Thus IronFX is going to make a change to “margin requirement” on some financial instruments from June 17th at 6 pm in Cyprus time.

 

Please refer to the below table for the detailed changes.

Account Types

Affected Financial Instruments

Required Margins Coefficient

Live Account

GBP currency pairs & FTSE 100

5

Currency pairs which doesn’t include GBP & EU Indices

2

Spot Precious Metals

2

UK Shares

2

STP

GBP currency pairs

4

Currency pairs which doesn’t include GBP

2

Spot Precious Metals

2

If necessarily, IronFX will make an announcement on this matter again on 22th, Wednesday.

The changes will be applied to all existing open positions and all orders you place during the period.

 

The expected risks during the high volatility are:

  • Volatile exchange prices especially on GBP and EUR
  • Wider spread then the normal hours
  • Re-quotes and Slippage due to low liquidity

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30 USD for Free

5 USD for Free

25 USD for Free

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100 USD for Free

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