UK Referendum – Important Notification

Posted on June 21, 2016 at 7:34 am GMT. Read More XM Group News

In light of our previous news regarding the upcoming United Kingdom referendum (“EU Brexit” referendum) that will take place on 23rd June 2016, and in order to protect our clients and our Company from the anticipated market turbulence during the referendum, XM will implement the following measure:

From 01:00 server time (GMT+3) on Thursday, 23rd June 2016, the margin required for both new and existing positions will be temporarily increased for all instruments to:

  • 4% (25:1 leverage) for all currency pairs, Gold and Silver and
  • 10% (10:1 leverage) for all CFDs on Equity Indices and Commodities.

Shortly after the announcement of the results of the UK Referendum expected on 24th June 2016, the margin required for both new and existing positions will be reduced for all currency pairs, Gold and Silver to 1% (100:1 leverage).

This temporary measure will be completely waived prior to the market opening of Monday, 27th June 2016, and the margin requirement on all instruments will be automatically readjusted in accordance with the previous leverage settings of each client’s accounts and instruments.

Clients who will be trading these pairs should ensure that their accounts are sufficiently funded in order to avoid any disturbances from possible margin calls and/or stop-outs in their trading activity.

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