The upcoming Turkish General Election, which will be held on Sunday, June 24, 2018, might cause periods of volatility in the financial markets and affect available liquidity.
We would like to inform our traders that the margin requirements on TRY pairs will be reduced from 1:100 to 1:20
- While we make all possible efforts to keep spreads at a minimum, please note that wider spreads may be observed across several instruments.
- Prior to and in the aftermath of the election, 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 General Election.
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.