IronFX’s changed trading conditions for 2nd round of French Election this Sunday

May 5, 2017

IronFX to increase margin on MT5 due to French Election.

IronFX’s changed trading conditions for 2nd round of French Election this Sunday

As you may already know, the second and final round of the French presidential election is set to be held on Sunday 07/05/17with Emmanuel Macron and Marine Le Pen both fighting to win over the electorate.

In an attempt to protect clients and minimize the impact from potential abnormal market moves IronFX will be increasing the margin requirement on EUR currency pairs, Major crosses as well as EU exchange traded instruments as per below table:

Account Types

Affected Financial Instruments

Instrument Margin Multiplier

Live

EUR crosses & EU Indices

4

Majors other than EUR crosses & EU Indices

2

Spot Metals

2

EU Shares

2

STP

EUR crosses & EU Indices

4

Majors other than EUR crosses

2

Spot Metals

2

Changes will take effect from Friday 05/05/17 17:00 (GMT +3) until Monday 08/05/17 12:00 (GMT +3)

Please note the increased risks within the period leading up to, during and after the final round of the French presidential elections:

  • Sharp moves in currency pairs, especially in EUR pairs and significant price gaps
  • Abnormally high spreads
  • Limited liquidity, which may result in an increased amount of order rejections and execution on available market prices.

We therefore recommend that you monitor your open positions carefully, adjust your exposures and strategy accordingly and ensure you maintain sufficient margins throughout this period, particularly over weekend.

In addition to the amendments described above, IronFX reserves the right to make further changes without prior notice, depending on the market conditions around this period.

For more information or inquiries, please contact IronFX support team.

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