MT4 & JForex Leverage changed due to French Presidential Election this Sunday

May 4, 2017

Important: NSFX Margin changes ahead of French Election.

Notification

We inform you, that NewForex broker was purchased by broker Forexmart, which has EU regulations. Thus all NewForex clients deposits will be transferred to the jurisdiction of the Forexmart broker. To transfer your funds to Forexmart you need to: 1. Close all open positions by December 24, 2017. 2. Register an account with Forexmart and open a trading account in the same currency. (If you have a micro account, then open the micro, if standard, then open, please, the standard account. 3. To inform NewForex support, the number of the current trading account with NewForex broker and the number of the new trading account with Forexmart broker immediately after the closing of all trading positions. All of the data will be checked and your funds will be transferred to Forexmart account.

MT4 & JForex Leverage changed due to French Presidential Election this Sunday

Ahead of the upcoming French Election, NSFX understands the impact and likelihood of substantial risk the Clients and the Firm may be exposed to.

Market volatility may be increasing gradually and the Election has been classified as high risk by our internal risk management department, as such, NSFX will be implementing changes to leverage on selected financial instruments as described below.

Changes will be executed on Friday 5th of May, 2017.

 

 May 5th, Friday 2017
 Financial Markets  Leverage  Margin Requirement  Effective from
 Forex Pairs  1:100  1%  17:00 GMT
 Precious Metals  1:100  1%  17:00 GMT
 Commodities  1:100  1%  17:00 GMT
 Equity Indices  1:100  1%  “Close Only” from 14:00 GMT

*Please note that the estimate time of implementation above is only indicative and can be changed again. Please make sure that you have enough margin throughout May 5th, Friday and into May 8th, Monday.
*There is no estimate time for reversion to the normal trading conditions yet.

Normal trade conditions may be delayed as per underlying market volatility, liquidity and general market sentiment.

Therefore, we strongly advise you to monitor your Margin and Exposure levels closely on your trading platform and on your MyNSFX Account Dashboard.

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

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