Changes in trading terms around the Brexit vote

10 June, 2016

Changes in trading terms around the Brexit vote

Dear Trader,

Please note that there will be temporary changes in our trading terms, lasting from the session opening Monday, 20 June until 12:00 pm EET, 27 June.

1. Margin requirements for all currency pairs with the pound sterling (GBP) and [FTSE100] index CFD will increase by five times on Admiral.Markets and Admiral.Classic accounts and by two times on Admiral.Prime accounts.

1.1. New leverage rates for Admiral.Markets accounts

This includes, but is not limited to, increased margin requirements on other instruments, additional trading restrictions or extension of the terms of any or all amendments for additional time.Additionally, internal fund transfers from or to GBP accounts via Trader's Room may be temporarily disabled on Thursday, 23 June, starting from 12:00 am until 12:00 pm EET.2. Opening new positions using exotic currency pairs and the less liquid cross rates with GBP will be restricted for the duration of the above terms. The Close Only mode will be enabled for the following instruments: GBPCAD, GBPNZD, GBPCZK, GBPHKD, GBPMXN, GBPPLN, GBPSGD, GBPTRY, GBPZAR.

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 Brexit vote:

  1. sharp moves in currency pairs, especially in pairs with GBP
  2. significant price gaps
  3. limited liquidity, which may result in an increased amount of order rejections and slippage.

In addition to the amendments described above, Admiral Markets reserves the right to make further changes, depending on the market situation around the Brexit vote, upon notice on the website, e-mail or internal MetaTrader mail.

Sincerely,

Admiral Markets


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