MT4 Leverage decreased for French Election affecting EUR pairs & all other Symbols

April 20, 2017

Margin Requirement Change for French Election.

MT4 Leverage decreased for French Election affecting EUR pairs & all other Symbols

This article is originally referred from IronFX News

The first round of the French presidential election is set to be held on Sunday 23/04/17. Should no candidate win a majority, a run-off election between the top two candidates will be held on Sunday 07/05/17.

In an attempt to protect clients and minimize the impact from potential abnormal market moves we will be increasing the margin requirement on EUR currency pairs as well as EU exchange traded instruments as per below table in two steps.

First step

Changes will take effect from 17:00 (GMT +3) Friday 21/04/17 until 12:00 (GMT +3) Monday 24/04/17

Second step

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

Account Type

Instrument Category

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

4

Majors other than EUR crosses

2

Spot Metals

2

Please also note the increased risks within the period leading up to, during and after both rounds 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, the company reserves the right to make further changes without prior notice, depending on the market conditions around both rounds of the French presidential elections.

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

IronFX Official Website

Original Source: IronFX News

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