Gbp, Eur And Uk100 Margin Requirements Change Ahead Of Brexit

[ViproMarket]

GBP, EUR AND UK100 MARGIN REQUIREMENTS CHANGE AHEAD OF BREXIT]

 

 

A major political event is approaching, the EU Referendum (Brexit) in the UK which is surrounded by uncertainty and great possibility to generate increased volatility and turbulance in the financial markets. The referendum will occur in the UK on June 23rd 2016 in order for the British population to determine their wish whether retain or not their European Union membership.

As the Referendum is considered a high impact event expected to influence the financial markets and potentially result in high volatility, price gaps/spikes, lack of liquidity, widened spreads or other movements in the markets, Vipro Markets has taken measures to protect its Clients.

To do that, the Company will lower the leverage for the whole EU Referendum week. This change will affect both existing and new orders.

Standard leverage rates will be reduced as follows starting from market open on June 20 until market close on June 24:

all GBP pairs – from 1:500 to 1:25 (4% margin requirement)

all EUR pairs – from 1:500 to 1:100 (1% margin requirement)

UK100 index – from 1:100 to 1:20 (5% margin requirement)

 

Accounts that do not have a standard leverage setting will have their leverage changed by the same proportion as indicated above.

Depending on the market conditions, we may enforce close-only regime for certain currency pairs or indices. Large accounts that accumulate substantial market exposure may see their account leverage lowered further, subject to prior warning.

Please also consider that Bid/Ask spreads will most likely be considerably wider during market volatility, which could affect even hedged positions.

Because of this change, you may need to close trades or add funds to your account or risk a possible margin closeout if you currently have an open GBP, EUR or UK100 positions with higher levels of leverage and do not have enough funds in your account to cover the increased margin requirements. We strongly advise you to perform the necessary funding actions well in advance, in order to ensure your account will be well funded before the leverage is lowered.

The affected pairs will return to prior leverage levels after the market close on June 24, 2016.

Please feel free to contact our support team at [email protected] if you have any questions.

Kind regards,

Lucy

Vipro Markets

https://www.vipromarkets.com

 

 

[ViproMarket]

This week you can trade with ZERO commissions! Enjoy

 

 

Vipro Markets is growing fast because we always put our clients interests first. In order to once again prove our commitment to our clients we have now completely removed commissions on all FX pairs for the whole Brexit week.

Yes, this week you can trade with ZERO commissions! Enjoy.

Commissions were removed starting from 15:00 (trading server time) on June 20,2016 and affect only new positions. Positions that were opened before 15:00 are not affected by this promotion.

Dont forget to manage your risk and please consider that extreme volatility, wider spreads and less liquidity are expected this week due to EU Referendum (Brexit) in the UK on June 23, 2016.

All GBP, EUR pairs and UK100 index have higher margin requirements this week as previously communicated

The affected pairs will return to prior leverage levels after the market close on June 24, 2016.

Please feel free to contact our support team at [email protected] if you have any questions.

Kind regards,

Vipro Markets Team