In the days leading up to the Turkish Constitutional Referendum, which will take place on Sunday, April 16, 2017, as well as in the days following the event, increased market volatility is expected to affect USDTRY and EURTRY, with wider spreads expected on both instruments.
We would like to inform our traders that the margin requirements of these two instruments on all FxPro platforms will change as follows:
USDTRY & EURTRY
5 lots < 15 lots
The above change in margin requirements will come into effect on Friday, April 14, 2017, at 09:00a.m. (GMT) and will affect new positions only. Existing positions and other instruments will not be affected by this change.
- While we make all possible efforts to keep spreads at a minimum, please note that wider spreads are expected.
- Prior to and in the aftermath of the referendum, FxPro reserves the right to allow fixed spreads to float to reflect underlying market conditions.
- In case of extreme volatility and illiquidity, FxPro reserves the right to refuse the opening of new positions, enabling ‘Close Only’ functionality.
Please note that, should market conditions deem it necessary, FxPro reserves the right to make additional changes to our trading conditions in the days prior to and after the Turkish Constitutional Referendum.
We strongly advise you to monitor any open positions that you may have and visit the FxPro Blog frequently for any important updates. We shall also be notifying you via email, should any other changes to the current margin requirements come into effect.