Changes to Trading Terms Throughout the Period of the UK General Election
Dear trader,
The UK General Election of 2017 is scheduled to take place on Thursday, 8 June 2017. Following the expectations of increased market volatility and possible price gaps between daily sessions of particular instruments, please note that there will be changes that will affect your trading.
General Information
Specific changes will be applied at 23:00 (EET) on Thursday, 8 June 2017 until 12:00 (EET) on Friday, 9 June 2017. The changes will include an increase in the margin requirements for a number of instruments as described below.
Additionally, the Close Only mode can be enabled for any instruments on separate short notice within the above period.
Please note that increased margin requirements will be applied to all positions, including those opened prior to the above terms.
I. Leverage Changes on Trade.MT4 and Zero.MT4 Accounts
The leverage rates will be capped at reduced values for different types of instruments as shown below:
1.1. Forex and CFDs on gold, silver and oil - leverage up to 1:200
Normal leverage rates | Changed leverage rates |
1:500 | 1:200 |
1:200 or 1:100 | 1:200 or 1:100 |
1:50 | 1:50 |
1:10 | 1:10 |
1.2. Cash index and bonds CFDs - leverage up to 1:50
Normal leverage rates | Changed leverage rates |
1:500 | 1:50 |
1:200 | 1:50 |
1:50 | 1:50 |
1:10 | 1:10 |
II. Leverage Changes on Admiral.Classic Account
2.1. The leverage rates for currency pairs on Admiral.Classic will be also capped at 1:200, which symbolises a 2.5 times increase of margin requirements:
Normal leverage rates | Changed leverage rates |
1:500 | 1:200 |
1:200 | 1:80 |
1:100 | 1:40 |
1:50 | 1:10 |
2.2. The leverage rate on the DAX30 index CFD will be changed for Admiral.Classic accounts to 1:50 throughout the above period.
We kindly ask you to properly evaluate the potential impact of the above changes on your trading.
Please be aware of the increased risks within the period leading up to, during and after the UK General Election, including:
a. Sharp moves in market prices, especially on the FTSE100 Index CFD, as well as currency pairs containing GBP.
b. Significant price gaps, especially between daily sessions.
c. Limited liquidity, which may result in an increased amount of order rejections and slippage.
Further to the amendments described above, Admiral Markets reserves the right to make further changes depending on the market situation surrounding the UK General Election. These notifications may be provided via our website, e-mail or internal MetaTrader mail. Such changes may include, but are not limited to the following:
a. increases in margin requirements on other instruments and further increases in margin requirements on any instruments;
b. additional trading restrictions or an extension to the terms of any or all amendments described above for an additional period of time.
Risk Management
Traders should always pay strong attention to personal risk management. But it's also the duty of all responsible brokers to ensure they do all they can to protect their clients and their business. From time to time, especially during high-risk global events, Admiral Markets may modify margin requirements. This is in line with the requirements and recommendations of all relevant European regulators.
We're Always Here for You
If you have any questions, comments or queries, please do not hesitate to contact our customer support team, or your account manager.
Kind regards,
Admiral Markets
