Global ECN broker Tickmill, regulated as a securities dealer by the Financial Services Authority (FSA) of Seychelles has informed its clients about upcoming changes to leverage and margin requirement ahead of the EU membership vote in the UK.
Tickmill will lower the maximum leverage to 1:25 for all GBP pairs; 1:100 for all EUR pairs; and to 1:20 for the UK100 index. The adjustment will be active from June 20, 0:00 (GMT+3) until June 24, 24:00 (GMT+3). Once the market turbulence settles, the leverage rates will be returned to their original values.
These steps are taken to lower the clients’ exposure to extreme market conditions that may bring unfavourable results even if the traders manage to place a trade in the supposedly right direction.
As Tickmill made the safety of its clients a top priority, the company is convinced that the mentioned amendments will prevent not only losses, but also a negative balance, which may occur in such chaotic market conditions.
The broker stated to LeapRate it will monitor the situation closely to protect every account from the unfavourable effects of the upcoming Brexit pandora’s box and may extend the measures in accordance with the dynamics of volatility on the market.