LMFX change service conditions. Enabling Leverage Restrictions and Close Only Mode.
In light of upcoming French Election this Sunday, LMFX is going to change trading conditions of several financial instruments.
LMFX is going to increase the “Required Margin” of all EUR pairs to 1%(1:100 Leverage), no matter the normal leverage of each live account.
This change will be applied from Friday, the 5th of May at 3PM GMT time.
This will affect both existing positions and new positions.
Close Only mode
LMFX enables “Close Only” mode for 2 Equity Index CFDs “GER30” and “FRA40”.
This measure will take effect from 9PM GMT time on Thursday the 4th of May.
In light of the French Presidential Election, there may be extra measures taken effect further. LMFX shall notify all traders for any further changes to the service conditions.
The upcoming 2nd round of the French Elections will be held on 7th of May, may cause uncertain market conditions such as price gaps, high volatility, thin liquidity and abnormal spreads.
You are strongly recommended to review your trading positions and make sure that your live accounts are sufficiently funded to support your trades.
For more information or inquiries, please contact LMFX support team.