June 15, 2016
Сhanges in trading terms due to the Brexit vote
Dear clients,
For the period from 20th to 24th, June 2016, due to the preparation and conducting of the referendum in Great Britain about European Union membership, for the limited banking liquidity and to secure traders' positions and diminish unjustified risks trading terms will have the following changes:
- all trading instruments containing GBP will be set to Close Only mode;
- marginal requirements for all account types will be changed to 1:50 maximum accordingly;
- Margin Call/Stop Out levels for all account types will be set to 100/80;
- spreads on the trading instruments containing EUR, GBP (and other instruments in case of the limited liquidity) might be expanded.
In the event of high volatility and low liquidity, some other instruments also could be set to Close Only mode. Limit and Stop levels expansion is also possible.
Reciprocally, the subsequent changes might be applied to Binary Options trading:
- a temporary decrease of payouts for all option types;
- pairs containing EUR and GBP may be not available for trading.
Starting from Monday, June 27, 2016, trading terms will return back to their usual state.
Best regards
FXCL Support Team