CySEC regulated retail forex broker CFI Markets has decided to lower leverage and hike required margin requirements leading up to the US election this Tuesday, November 8.
CFI sent out the following message to clients.
Dear Valued Client,
The US Presidential Elections are coming up soon and volatility in the markets is expected to spike during the voting and after announcing the next US President.
Accordingly, and in anticipation of that, CFI Markets has decided to raise its margin requirements. Please Click Here to see the margin requirements to be applied from this Friday, the 4th of November 2016, at 7 pm CET until further notice. CFI Markets reserves the right to further raise the margins if deemed necessary.
Clients are hereby kindly advised to make sure sufficient margins are available on their accounts to prevent closure of part or all their open positions.
Finally, clients are requested to take note of the additional risks inherent to the rise of volatility including higher spreads, price swings, market gaps…etc. and are advised to apply extra caution in such volatile conditions.
Thanking you in advance and wishing you profitable trading.
CFI Markets Team