The recent developments with Greece and the upcoming Greek referendum which is scheduled to take place on Sunday, 5th July 2015, may lead to abnormal market conditions and possible market disruption with extreme market volatility, thin market liquidity, abnormal spreads and pricing gaps.
In order to protect the Company and our clients from the anticipated market turbulence, XM has decided to implement the following measures:
From 21:00 server time on Friday the 3rd of July 2015 (3 hours before market closure), the maximum leverage for all accounts will be temporarily set to 50:1 thus increasing the margin requirements to 2%. The change in margin requirements will apply both on pre-existing positions and on new orders.
This temporary measure will be waived on Monday, 6th July 2015, within 2 hours from market opening and the margin requirements will be automatically readjusted in accordance with your accounts’ previous leverage settings.
We encourage you to review your trading positions and ensure that your account is sufficiently funded in order to avoid any disturbances in your trading activity from unwanted stop-outs of your trading positions.Publication source