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The Brexit referendum is to be hold on June 23, 2016
Dear clients!
The Brexit referendum is to be hold on June 23, 2016. As the event is unprecedented it can result in volatility increase, liquidity reduction and, eventually, to price gaps and increase in spreads.
TeleTrade Company notifies all its customers that during the period of June 20, 2016 to June 26, 2016, as well as on the closing of trading session on June 17, 2016, margin requirements (deposits) can be well increased for all the types of accounts and any instruments. The increase of collateral requirements can be also applied to the opened positions which can lead to Stop Out (automatic closure of the opened position due to the lack of margin requirements). In extreme cases, trading on some of the instruments can be switched to the mode of “Close only”.
We kindly ask you to take care about open positions and pending orders in advance, as well as of adequacy of margin requirements.
The TeleTrade Europe team is concerned to do everything possible to make trading conditions most favorable for our clients, despite high uncertainty in the market and no matter how serious economic shocks are.
Sincerely,
the TeleTrade Europe team.
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Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.37% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade Europe strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
