GBP currency pairs margin increase on 17 Nov 2016

Nov 15, 2016

Dear clients,

Following the event of GBP flash crash in June 2016 and NFA announcement to increase minimum margin levels on British Pound, our liquidity provider feels a strong sense of responsibility in order to protect the clients from volatility and risk from GBP currency pairs.

Following the NFA announcement and recommendation from our Liquidity Provider, we would like to announce you that our margin requirement for GBP currency pairs will be increase starting on 17 September 2016 (open market).

Please note that new margin requirements will affect both EXISTING and NEW positions. Make sure you have enough available margin / equity for your transaction(s). Additional margin increases may be implemented should volatility continue to grow.

We would also like to stress that Stop Loss orders are not guaranteed to be filled at your order level: Stop orders are converted to Market orders once triggered, and dislocations in available liquidity could result in significant slippage on Stop orders.

TRADING INSTRUMENTS NEW MARGIN 17 Nov 2016
Basic Premium & Sharia
GBPUSD $400 $1,000
GBPAUD $400 $1,000
GBPNZD $400 $1,000
GBPCAD $400 $1,000
GBPJPY $400 $1,000
EURGBP $400 $1,000

 

~ MRG Forex

Legal Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer on jurisdiction where do/don't offer services: USA