Blackwell Global hikes margin requirements by 2x, 3x for Presidential Election


It was just announced today that UK-FCA regulated FX brokerage Blackwell Global in light of the 58th quadrennial United States presidential election being held on Tuesday, 8 November, 2016, Blackwell Global will increase the margins on selected instruments from Sunday, 6 November 2016, 9:00pm (GMT).

The firm’s Cyprus regulated office had announced the same margin adjustments last week.

As traders know, during the time of the U.S. election results, markets may be choppy and volatile for a period Tuesday evening November 8th during the live election results.

Effective on Sunday, 6 November onwards:

Forex (Majors)
Affected InstrumentsMargin Increase
AUDUSD2 times
EURUSD2 times
GBPUSD2 times
NZDUSD2 times
USDCAD2 times
USDCHF2 times
USDJPY2 times
Forex (Crosses & Exotics)
Affected InstrumentsMargin IncreaseAffected InstrumentsMargin Increase
EURCAD3 timesNZDCHF3 times
EURCHF3 timesNZDJPY3 times
EURGBP3 timesNZDUSD3 times
EURJPY3 timesSGDJPY3 times
EURNOK3 timesUSDCAD3 times
EURNZD3 timesUSDCHF3 times
EURSEK3 timesUSDCNH3 times
EURSGD3 timesUSDDKK3 times
EURTRY3 timesUSDHKD3 times
EURUSD3 timesUSDHUF3 times
GBPAUD3 timesUSDJPY3 times
GBPCAD3 timesUSDMXN3 times
GBPCHF3 timesUSDNOK3 times
GBPJPY3 timesUSDPLN3 times
GBPNZD3 timesUSDSEK3 times
GBPUSD3 timesUSDSGD3 times
NOKJPY3 timesUSDTRY3 times
NOKSEK3 timesUSDZAR3 times
NZDCAD3 times
Precious Metals
Affected InstrumentsMargin Increase
XAGUSD2 times
XAUUSD2 times
Cash CFDs
Affected InstrumentsMargin Increase
AUS2002 times
DE302 times
ES352 times
STOXX502 times
F402 times
HK502 times
JP2252 times
UK1003 times
US303 times
US1003 times
US5003 times
USOil3 times
UKOil3 times

Please note that Blackwell Global server time is set to GMT +2.

Please bear in mind the additional risk that such events can carry and adjust your trading style as necessary.

Blackwell Global stated:

If you have open positions during the affected period, margin requirements to keep those positions open could rise. We strongly recommend that you monitor open positions carefully and maintain a sufficient account surplus throughout this period.

Stop Loss Orders are not guaranteed to be filled at your order level as they are converted to Market Orders once triggered.

And due to lack of liquidity and dislocation, Pending Orders may not be filled in accordance with your demands, as spread widening may occur.

Blackwell Global stated it will closely monitor market volatility and liquidity and will reassess the margin requirements during and after the Election and make the necessary adjustments thereafter.

Related News


Blackwell Global hikes margin requirements by 2x, 3x for Presidential Election


Send this to a friend