There are United States presidential Election taking place on 3 November 2020. The market is expected to experience volatility surrounding the United States presidential election. BCR would like to announce that a special margin adjustment will be made at GMT 21:00 on 30 October 2020:
|Symbol||Previous Margin Requirement (1:200 / 1:400)||New Margin Requirement (1:200 / 1:400)|
|Forex||$500 / $250||$1000 / $500|
|Crude Oil / Natural Gas||$500 / $250||$1000|
|Gold||$500 / $250||$2000|
|Silver (5000oz)||$5000 / $2500||$5000|
|Silver (1000oz)||$1000 / $500||$2000|
|Spot Index (#AUS200, #GER30, #EUSTX50, #FRA40, #ESP35, #UK100, #JPN225, #US500, #US30, #US100)||1%||3%|
|Spot Index (#CHN50, #HKG50)||2%||4%|
*Above adjustment will be applicable to all account type of clients with different leveraged trades
Please note that open positions will also be affected. It is the Client’s responsibility to actively monitor and manage their open positions, including ensuring that they meet their Maintenance Margin Requirements.
The above adjustment will remain in effect until further notice.
Trading Spreads and Minimum Stop Distance
Under volatile market conditions, spreads or minimum stop distances may widen until the market stabilizes.
In the case of extreme volatility and illiquid market conditions, some instruments may switch to “Close only” trade execution.
We would like to notify all client of the risks involved in CFD trading under volatile market conditions. It is the client’s responsibility to monitor and manage their open positions actively, and to also pay close attention to Maintenance Margin Requirements.
If you have any further questions regarding the above announcement, please contact us via online chat or email us at [email protected] We look forward to providing you with the best service in the CFD industry.