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Business / Finance

The change in the terms of trade for the period of voting for Brexit

Forex Club 11.01.2019 at 12:22

Please note that on January 15, 2019 in the UK Parliament will take a vote on leaving the EU (Brexit). In this regard, for the protection of traders from major losses will change the terms of trade for the period of the vote, namely 14.01.2019 for 16.01.2019.

This event may entail a sharp increase in volatility in the market and cause a lack of liquidity for a number of trading tools that in turn can lead to serious spread widening, and accordingly increased risk. First and foremost, it will apply to shares and indices, as it is these group of instruments traditionally sensitive to the political events of such scale.

the Changes will affect the maximum total volume when opening new positions or adding to existing to the below restrictions on trading tools (MT4 equivalent in lots):

Forex: 5 000 000; Gold and Silver: 1 000 000; Oil and gas: 500 000; Indices and Metals: 300 000; Shares: 100 000.

in addition, events in the market can lead to a reduction of leverage and the maximum multiplier to the following:

Forex 50:1 Gold and Silver at 50:1 Oil and gas 10:1 Indexes and metals: 10:1 Share 4:1

it Should be noted that the decision on change of those or other terms of trade will be taken depending on the situation on the market.

urge you to be extremely careful when you use the maximum leverage (multiplier), because it may entail risks of forced closure of positions in the moments of high volatility and lack of liquidity. We also suggest You to increase the balance on the trading account by making additional funds to increase capital in the event of increased volatility and in the case of increasing the margin requirements in order to avoid undesirable forced closing of your positions

We expect all the changes will be temporary and in the near future we will be able to return to the old terms of trade.