ForexClub changes its trading terms because of Brexit referendum
On June 23 of 2016 Great Britain will vote on its membership in European Union.
This event, also known as Brexit referendum, may cause significant volatility increase and liquidity problems in the market that can result in spreads widening and substantial risks.
According to ForexClub, due to this and in order to protect traders from related possible losses effective the night from Tuesday to Wednesday (22th of June) maximum leverage (multiplicator) available for trading is not going be more than 1 to 20. Thus, margin requirements for positions that are already open will be adjusted and may be stopped-out in case there is not enough equity.
ForexClub notes that it’s possible that later next week leverage (multiplicator) can be lowered further to 1 to 10 and other limitations may be applied depending on market situation.
Source: ForexClub
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