Changes in Trading Terms Due to Situation in Greece
Admiral Markets informs its traders that because of the uncertainty surrounding the ongoing Greek debt negotiations and the expected extreme volatility in the Euro, Admiral Markets will be making the following changes to margin requirements on Friday, July 3 , 2015 at 18.00 (GMT). The margin requirements on ALL instruments available for trading will be increased by a factor of 2. So, for example, if your current margin requirement is 2%, the new margin requirement will be 4%. The margin policy will be reviewed again on Sunday, July 5th, at 22.15 (GMT).
Additionally, during abnormal market conditions, because of the lack of liquidity, market spreads will increase beyond their normal size. There is also an increased chance of order slippage which can result in an executed price being less beneficial than the original order price.
If you currently hold or intend to open new highly leveraged positions, we urge you to adjust your contract size and/or deposit additional funds into your account to maintain the new margin requirements.
Source: Admiral Markets – Changes in Trading Terms Due to Situation in Greece
Related Posts
Changes in Trading Terms Due to Situation in Greece
Euro’s Drop Muted as Currency Builds Resistance to Greek Turmoil
FxPro: Margin Requirements Increased to 2% for new orders 
Changes to Trading Conditions Due to Situation Surrounding Greece
Goldman: “Greece Will Remain In Euro Even If It Votes No”, And How Markets Will React
