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Changes to TRY FX pairs’ margins
Dear clients,
In view of current events surrounding the state of the Turkish economy and in accordance with our risk management procedures, we will be increasing the margin requirements to 20% on EURTRY and USDTRY starting from Monday, January 3rd, 2022 ("Effective Date").
As the above mentioned may influence your trading on the specific instruments, including your open positions, we encourage you to trade responsibly by monitoring and adjusting your positions as you deem appropriate or by making sure that your account is sufficiently funded to support significant changes within the trading conditions.
We advise you to visit once again the Risk Disclosure Statement available on our website.
We wish to take this opportunity to thank you for your valuable business with us.
Season's greetings,
The TeleTrade 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. 69.66% 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.
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