Leverage changes before France presidental election!
Please note that May 7, 2017, France will hold the second round of presidential elections. Analysts expect a significant surge in volatility, which may become even higher in case Marine le Pen wins. Despite her chances are lower as compared to her rival Emmanuel Macron , nobody presumes to forecast the voting results, given the recent triumph of Donald Trump.
In order to protect clients from volatility surge, the leverage will be reduced from the current values after 15:00 GMT on May, 5. The changes will affect the following currency pairs:
- GBP/USD, GBP/AUD, GBP/CAD will be reduced up to 2 times;
- EUR/USD, USD/JPY, NZD/JPY, AUD/JPY, EUR/AUD, EUR/GBP, EUR/JPY, EUR/NZD, EUR/CAD, EUR/NOK, GBP/JPY, EUR/SEK will be reduced up to 4 times.
The company will give an additional notification as soon as restrictions are removed. We recommend making sure that you have enough funds to secure open trades (otherwise they will be closed automatically due to insufficient margin) and adjust your trading strategies and expert advisors.