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Change the trading conditions during the period of the Brexit
Dear Client,
We draw your attention to the fact that on January 15, 2019 there will be a vote on the exit of the UK from the European Union (Brexit). This event may cause low liquidity and a corresponding increase in spreads and volatility growth for a variety of trading instruments. As a rule, instruments of the stock market, indices and stocks react sensitively to political events on this scale; nevertheless, risks of low liquidity may also affect the instruments of the foreign exchange market, especially EUR, GBP, CHF and JPY.
In this regard, the Company gives notice that these events in the market can lead to a decrease in the maximum leverage of trades which were opened with leverage higher than 1:50.
The maximum levels are as follows:
- Forex - 1:50
- CFD on Metals - 1:50
- CFD on Raw - 1:25
- CFD on indices - 1:10
- CFD on Stocks and ETFs - 1: 5
The decision to change the margin requirements will be taken depending on the market situation.
Kind regards,
TeleTrade.
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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 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.
