Notice of Leverage Adjustment during the French Election
By: Ginny.Yang May 4, 2017
The second round of voting in the French election will be held on May 7, 2017, drawing wide attention as a major economic event in euro-area. Uncertainties over election may result in dramatic volatility in financial market, with the most notable instruments including EURO, FR40EUR, EUR50EUR, 100UKGBP, DE30EUR, etc. Trading of these related instruments may lead to widened spreads or slippage due to lack of liquidity during market fluctuation.
To ensure that our traders are being well protected from uncertainties, we will be temporarily lowering the maximum leverage at 12:00 PM Australian Eastern Time Zone ( MetaTrader 4 Platform 05:00AM) / on May 5th:
-The leverage of Euro related forex pairs will be reduced from maximum of 500:1 to maximum of 100:1. ( Margin requirement increased by 500%)
-The leverage of FR40EUR, EUR50EUR, UK100GBP and DE30EUR will be reduced from maximum of 100:1 to maximum of 50:1. ( Margin requirement increased by 200%))
The leverage adjustment will be switched back at 12:00 PM Australian Eastern Time Zone (MetaTrader 4 Platform 05:00AM) ) on May 8th.
By lowering leverage may lead to decrease in available funds for margin requirement, therefore you may need to close trades or add additional funds to your trading account, otherwise may lead to stopout of your position.
ACY is ECN/STP execution only provider. where orders are executed with major banks, therefore during market volatility price execution may different from what you expected. We recommend that you seek independent advice or speak with your account manager to ensure you fully understand the risks involved before trading.
Thank you for inquiry ACY.
Your application has been received, and we will arrange an account manager within 24 hours to contact you! We wish you have pleasant trading experience!
To ensure that our traders are being well protected from uncertainties, we will be temporarily lowering the maximum leverage at 12:00 PM Australian Eastern Time Zone ( MetaTrader 4 Platform 05:00AM) / on May 5th:
-The leverage of Euro related forex pairs will be reduced from maximum of 500:1 to maximum of 100:1. ( Margin requirement increased by 500%)
-The leverage of FR40EUR, EUR50EUR, UK100GBP and DE30EUR will be reduced from maximum of 100:1 to maximum of 50:1. ( Margin requirement increased by 200%))
The leverage adjustment will be switched back at 12:00 PM Australian Eastern Time Zone (MetaTrader 4 Platform 05:00AM) ) on May 8th.
By lowering leverage may lead to decrease in available funds for margin requirement, therefore you may need to close trades or add additional funds to your trading account, otherwise may lead to stopout of your position.
ACY is ECN/STP execution only provider. where orders are executed with major banks, therefore during market volatility price execution may different from what you expected. We recommend that you seek independent advice or speak with your account manager to ensure you fully understand the risks involved before trading.
