XM to changed Leverage on its MT4 due to US Presidential Election

November 4, 2016

Important Notification – US Presidential Elections.

XM to changed Leverage on its MT4 due to US Presidential Election

This article is originally referred from XM News

We would like to inform you that the upcoming US presidential elections, which will take place on 8th November 2016, will possibly lead to extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currency, commodity and stock markets globally.

In light of the elections, and in order to protect our clients and our Company from the anticipated market turbulence during the elections, XM will implement the following temporary measure:

From 8:00 a.m. server time (GMT+2) on Tuesday, 8th of November 2016, the margin required for all positions (for opening new positions and for maintaining existing positions) will be temporarily increased for all instruments to:

1% (100:1 leverage) for all currency pairs, as well as gold and silver

4% (25:1 leverage) for all CFDs on equity indices and commodities.

This temporary measure will be completely waived for all positions and margin requirements will revert back to normal (as per normal client account leverage settings) by Wednesday 9th November 2016, shortly after the announcement of the results of the US presidential elections.

Clients who intend to keep open positions during the upcoming US presidential elections should ensure that their accounts are sufficiently funded to avoid any disturbances from possible margin calls and/or stop-outs in their trading activity.

Original Source: XM News

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