Retail Forex broker Exness on Wednesday informed its clients that it has amended the procedure for changing margin requirements on weekends and holidays.
In accordance to the changed rules on providing leverage, increased margin requirements will take effect for orders opened from 19:00 GMT +0 on Friday through 23:00 GMT +0 on Sunday. The margin for such positions will be calculated based on a leverage of 1:200.
As a result, the period during which the increased margin requirements are effective has been reduced, and the procedure for calculating margin has been amended: the margin for positions opened before 19:00 GMT +0 on Friday will no longer be recalculated.
Exness voices its confidence that this optimization will make the conditions for providing leverage more transparent.
To assist its clients in understanding the changes to leverage rules, Exness is offering a special article. The detailed rules can be viewed by clicking here.