The Margin Adjustment of United States presidential election
Posted on: 2020-10-28 00:00:00 • By BCR Event Notice

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.

Trade Execution
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.