Dukascopy announced reduction of leverage on US Election Day
Dukascopy has issued an announcement to inform that due to the risks of high volatility, low liquidity and significant price gaps on the presidential election day in the USA, Dukascopy is taking the following measures:
- On Sunday 6 November, 22:00 GMT before the market opening, the leverage on USD/MXN will be lowered to 1:10. This measure will remain in place until further notice.
- On Tuesday 8 November at 10:00 GMT, the trading leverage on all currency pairs will be decreased till the level of the over-the-weekend leverage conditions on all trading accounts that have the balance over 30,000 USD or equivalent at the end of previous trading day (account balance on 7 November).
All other accounts (under USD 30,000 or equivalent) that experience a significant increase of equity due to profit or deposit on Tuesday 8 November will be treated on a case-by-case basis.
The leverage reduction is planned to be cancelled on Wednesday 9 November, 05:00 GMT. Dukascopy reserves the right to prolong it if found necessary.
Source: Dukascopy
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