FIBO Group, following recommendations of the regulator, notifies you about changes to the trading rules, size of margin collateral, and execution of orders due to the referendum on Great Britain's membership in the European Union.
The changes concern MT4 Fixed, MT4 Floating, M4 NDD, and cTrader STP accounts, and will become effective at 00:00 EET on Monday, June 20, 2016.
For MT4 Fixed and MT4 Floating accounts
- 1:50 is the fixed value of the margin collateral for all trading symbols. Please note that the margin collateral will be recalculated for all open positions. In case of discrepancy between the values of margin collateral and the new requirements, positions will be forced closed.
- currency pairs AUD/DKK; AUD/SEK; AUD/ZAR; CAD/CHF; CAD/MXN;CHF/NOK; CHF/SEK; EUR/CZK; EUR/DKK; EUR/HUF; EUR/PLN; EUR/SGD; EUR/ZAR; GBP/DKK; GBP/NOK; GBP/SEK; GBP/SGD; GBP/ZAR; NZD/CHF; SGD/JPY; USD/CZK; USD/HUF; USD/PLN will be switched to Close Only mode. Opening of new positions will be temporarily unavailable.
- for MT4 Fixed and MT4 Floating accounts, S/L orders can be executed with slippage.
For cTrader STP and MT4 NDD accounts
- 1:50 is the fixed value of the margin collateral for all trading symbols. Please note that the margin collateral will be recalculated for all open positions. In case of discrepancy between the values of margin collateral and the new requirements, positions will be forced closed.
Furthermore, starting on June 20, all instruments may be switched to Close Only mode in case of high market volatility. Significant widening of spreads and increased margin requirements are also possible.
Prior to the close of trading on June 17, 2016, we strongly recommend that you bring positions into strict compliance with the new trading conditions.
The end date for the special trading conditions will be announced later.
If you have any questions, please contact the client relations department by phone, online chat on the company's website, in "Private Messages" in the Client Cabinet, or by e-mail [email protected]
Best regards, FIBO Group, Ltd.