Important News

 

Posted 15/06/2016 03:00 GMT+0

Brexit Watch

Dear Valued Clients,

You are probably aware that on Thursday, June 23, 2016; a referendum will take place in the United Kingdom (UK) that will determine whether or not they will remain in the European Union (EU). This event has been referred to as the 'Brexit'

Recent polling suggests the ‘Leave’ camp is narrowly favored, whereas the ‘Remain’ camp is slightly behind. However, there are a large portion of undecided voters who will play a crucial role in the vote outcome.

 

The referendum is generating increased volatility and uncertainty within the market. This will mostly be affecting all GBP and EUR currency pairs, and the UK100 Index.


As such, from June 16, 2016; we will be making the following changes:

  • Increasing the margin requirements for the UK100 Index; EUR and GBP pairs to 5% (from current 1%)
  • Stop-out level for all clients will be increased to 100% (from current 50%)
  • Maximum Leverage for all clients will be 200:1


These measures are likely to be temporary, however please be aware that you should factor in these margin requirements and the potential unprecedented volatility in the markets to adjust your trading strategies accordingly.

If you are planning to hold open positions during this period, please consider adding funds into your trading account, to reduce the risk of margin call or account liquidation.

If you have any questions or concerns, please do not hesitate to contact our friendly staff, who are available by email (support@blackbullmarkets.com) or live chat.

 

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