US Election: KVB Kunlun to increase Margin Requirements on MT4

November 4, 2016

Adjustment of Trading Products Notification due to US Presidential Election.

US Election: KVB Kunlun to increase Margin Requirements on MT4

This article is originally referred from KVB Kunlun News

The current high-profile and impending United States presidential election of 2016 is likely to exacerbate market volatility and give rise to investment uncertainty and cause a lack of market liquidity.

All of these possibilities are outwith the ability of KVB to control.

Consequently, in order to protect the security of customer accounts and thereby reduce risk, KVB Kunlun will take the following interim exceptional measures commencing Nov 7, 2016 (Monday) 00:00 UTC + 2 and concluding 11 Nov, 2016 (Friday) 24:00 UTC+2.

Metal leverage ratio will be adjusted. For more details, see the list below.

Trading Currency Leverage Ratio for Now New Leverage Ratio
XAUUSD 200 100

After the interim protective measures are removed, KVB Kunlun will make appropriate adjustments with regard to the prevailing market conditions.

These adjustments will be announced at a later stage.

During the referendum period, please be aware of the likelihood of the following risks:

  1. The financial market may lack liquidity. Therefore clients may not be able to trade normally, including the ability to open new positions and to close existing positions.
  2. Given the market situation at that time, buying and selling price differences (“spread”)may be extremely wide.
  3. There is a strong probability that it will not be possible to accept orders for transactions (including cancelling, take profit and stop-loss orders, etc).
  4. The actual execution price of Buy Stop, Sell Stop and Stop Loss Order may differ from the price you have originally set in the Forexstar system, or the spread between the systems.
  5. Given the uncertainty of the market, your account may be stopped-out due to wider spreads (including all hedge or partially hedge trading). These circumstances may lead to a negative balance in your account.
  6. KVB suggests that you exercise extreme caution during this trading period. Pay particular attention to your account risk management strategy and closely review your account at all times.

All of these possibilities are outwith the ability of KVB to control.

Therefore, please pay attention to the position and status of your margin accounts to take into account these volatile market conditions.

If you have insufficient margin account, KVB Kunlun may be forced to liquidate your positions in order to prevent additional risk.

KVB is not obliged to give any additional notification of such an event. KVB cannot accept liability for any lossess or reduced profits that you experience during this period of uncertainty.

We strongly would advise that you be particularly vigilant when trading during this period. If you have any further enquiries, please do not hesitate to contact our online customer service line or call customer service for further inquiries.

Thank you for supporting KVB and we wish you happy trading!

Original Source: KVB Kunlun News

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