In order to prepare for the expected increase in volatility surrounding the German Federal Election on September 24th, it will be necessary for ETFX to temporarily adjust the margin requirement on related currency pairs. We would expect these measures to be temporary in nature but would ask that you monitor margin on deposit with ETFX and make any necessary adjustments that are warranted in light of the above changes to margin requirements.
Effective on September 20th(5 PM ET), the margin requirement on all EUR FX pairs will be 2% (leverage of 50:1)
With this in mind, we would ask all of our clients to be very aware of the very real risks associated with this event. Trading conditions will be somewhat abnormal and open positions and market orders will be subject to (revalued against) the prevailing market price, however wide the bid/ask spread may be. We would therefore advise all clients to make sure that they have sufficient funds on deposit in order to sustain/maintain open positions under potentially, dangerous and extraordinary circumstances. Reducing or eliminating exposure during this event may ultimately be the safest option but obviously that is a decision that each client must take based on their own appetite for risk.
Thank you in advance for your understanding in this matter.ETFX staff will be available, as always, to provide assistance whenever needed.
Please feel free to contact us at email@example.com if you any questions or concerns.
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading.
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