Best Forex Broker 2018 Rewarded
Open a Real Account

Communication of leverage changes regarding EU withdrawal national referendum in UK

With the June 23rd EU withdrawal referendum implementation of the UK, it is expected that market volatility will greatly vary in the financial markets. In this context, it is considered that the possibility of large losses to customers who are trading will also occur.

For our Company to reduce the impact to our customers, Regarding before and after the schedule of the EU withdrawal national referendum implementation, We will lower the leverage setting of the commodities that are seemed to be affected.

The necessary margin that will be adopted will be applied in the following period

MT4 hours June 22, 2016 at 00:00 to June 30, 2016 at 23:59 (Subject to change depending on the situation of the market)

Since it will be applicable to the positions on hold, we hope for your understanding.

In order to avoid the forced loss cut, whether you close the positions on hold before the adjustment, or make a deposit, we recommend that you increase the surplus margin and keep the margin maintenance rate.

About the applicable currency pair and necessary margin rate

Cross currency pairs, including GBP: 50 times

Example)
Necessary margin amount before application: $100
Necessary margin amount after application: $2,000

Cross currency pairs, including EUR: 100 times

Example)
Necessary margin amount before application: $100
Necessary margin amount after application: $1,000

In cross currency pairs, including the GBP as well as EUR, if you already have a position, there is no effect if the position that has been set by the leverage after the application. It is to be noted that, with regards to the required margin rate of non-cross-currency pairs, including the GBP as well as EUR, there are no changes.

If you have any questions, please inquire to our company customer support.
support@gforex.asia

2016-06-16|GEMFOREX Informaiton