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