Dear company’s clients!
We notify you that due to the coming referendum on Britain’s membership of the European Union (Brexit) high volatility on the financial markets, spread increase and lack of liquidity on all trading instruments that include GBP and EUR can be expected in the period from 20.06.2016 to 24.06.2016 (inclusively).
In the perspective of our clients and company protection from possible risks caused by this important political event results, leverage level decrease on all instrument with GBP will be executed starting from 20.06.2016 and during the whole week.
W-PROFI и W-CENT accounts | |
All fixed pairs with GBP* | from 1:500 toо 1:50 (margin increase by 10 times) |
All crosses with GBP* | from 1:500 to 1:25 (margin increase by 20 times) |
WW-ECN accounts | |
All fixed pairs with GBP* | from 1:200 toо 1:25 (margin increase by 8 times) |
All crosses with GBP* | from 1:200 to 1:20 (margin increase by 10 times) |
If the current leverage level of the trading account differs from 1:500, the leverage decrease will occur in the stated proportion.
In case of excessively high volatility and considerable liquidity decrease, trading on range of instruments with GBP and EUR can be transferred to the mode “Close Only”.
Some expirations can be unavailable on the accounts for Binary options trade, as well as PayOut interest rate can be decreased for the assets with GBP*
Our clients are strongly requested to give maximum consideration to this information. Assess all possible risks while performing new trading operations and supporting previously opened positions that include GBP and EUR. Margin requirements changes may lead to increasing pledges on opened positions. We highly recommend optimizing the opened positions value and composition, and, if practicable, increasing the trading account balance in order to support a margin level.
It is expected, that from 27.06.2016 all margin requirements will return to usual values. However, supposed that the market situation does not stabilize after the referendum in the Great Britain, trading restrictions may be extended.
Wit best regards,
World Forex team
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