We would like to inform our clients that the upcoming UK General Election, which will take place on the 8th of June 2017, will possibly lead to extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currency, commodity and stock markets globally.
In light of the elections, and in order to protect our clients and our Company from the anticipated market turbulence during the elections, XM will implement the following temporary measure:
From 18:00 p.m. server time (GMT+3) on Thursday, 8th June 2017, the margin required for all positions (for opening new positions and for maintaining existing positions) will be temporarily increased for all instruments to:
1% (100:1 leverage) for all GBP currency pairs and
2% (50:1 leverage) for all CFDs on Equity Indices.
This temporary measure will be completely waived for all positions and margin requirements will revert to normal (as per normal client account leverage settings) by Friday 9th June 2017, shortly after the announcement of the results of the UK General Election.
Clients who intend to keep open positions during the upcoming UK General Election should ensure that their accounts are sufficiently funded to avoid any disturbances from possible margin calls and/or stop-outs.