Changes in trading schedule on the GBP instruments

Dear Clients and Partners!

On June 23rd 2016, the United Kingdom will hold a referendum on Brexit, the country’s exiting the European Union (EU). Therefore, all currency pairs with the British Pound (GBP) might get more volatile, and, as a result, the liquidity might reduce significantly. RoboForex, following the regulator’s recommendations, makes changes in the conditions of trading these instruments in order to decrease risks for the Company’s clients.

Changes in trading schedule on the British Pound (GBP) instruments

 

From the market opening on June 20th, Monday, and to the market closing on June 24th, Friday, the following restrictions will be applied:

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• "Close only" will the only mode for the GBP instruments in MT4 and MT5 platforms. Opening new positions will be unavailable.
• No transactions with the GBP instruments will be allowed in RAMM investment platform.

 

On June 23rd and 24th 2016, the following changes will be applied to the GBP instruments:

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• The leverage for MT4 and MT5 ECN accounts will be 6 times less than the current level.
• The leverage for MT4 and MT5 Standard and Cent accounts will be 20 times less than
  the current level.
• The maximum leverage for cTrader accounts will be limited to 1:50 regardless the current level.

On June 27th 2016, all trading conditions will be restored to usual.

We recommend you to modify the number and volume of your open GBP positions in advance, as the above-mentioned changes may result in the significant increase of the margin requirements.

Sincerely,
RoboForex