Dear Clients and Partners,
We would like to inform you HotForex has reassessed the market conditions surrounding the upcoming British Referendum and decided to ease margin requirements on all the Forex pairs available in HotForex’s trading platform.
In light of the above please note that the margin requirements for all GBP pairs are going to be adjusted to 1% (1:100). In addition, all remaining Forex pairs will be adjusted to 0.5% (1:200).
The above will be applicable as from the 20th of June and to all trading accounts no matter its current leverage level.
This means that as of today you will be able to continue your regular trading activities and maintain any long term strategies you might have throughout the referendum process.
Despite the above HotForex will continue monitoring the referendum developments closely and in the event of the market conditions worsening prior to the voting date or around the time the results are published further trading restrictions might apply.
This is an automatic process which will not require any action from your side and your account will not be affected in any other way.
Don’t hesitate to contact our always available customer service shall you have any queries regarding the above.
The HotForex Execution Team