Dear Clients and Partners!
We’re informing you that there will be early popular parliamentary elections in Japan on October 22nd 2017. Due to this, the currency pairs with the Japanese Yen (JPY) may suffer from the increase in volatility and, as a result, the sharp reduction in liquidity. RoboForex will introduce several changes in trading conditions for the above-mentioned instruments in order to reduce risks for the Company’s clients.
From 12:00 AM EET October 20th to 12:00 AM EET October 24th 2017, the following margin requirements will be applied to all JPY instruments:
- For MetaTrader4 and MetaTrader5 ECN accounts, the leverage will be 3 times less than the current leverage of the trading account.
- For MetaTrader4 and MetaTrader5 Standard and Cent accounts, the leverage will be 5 times less than the current leverage of the trading account.
- For cTrader accounts, the maximum leverage will be limited to 1:100, regardless of the current leverage of the trading account.
These changes will be applied to all JPY positions, both the ones that are already open and will be opened in the future.
Please note: these changes may result in significant increase of margin requirements for the trading accounts with already open JPY positions.
All trading conditions will be back to normal on October 24th 2017.
We recommend you to modify the amount and the volume of your open JPY positions in view of the foregoing.
Sincerely,
RoboForex