Important Notification – French Presidential Elections

Posted on April 20, 2017 at 7:00 am GMT. Read More XM Company News
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We would like to inform you that the upcoming French Presidential Elections, which will take place on the 23rd of April 2017, will possibly lead to extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currencies, commodity and stock markets globally.

In light of the elections, and in order to protect our clients and our Company from the anticipated market turbulence during the elections, XM will implement the following temporary measure:

From 17:00 p.m. server time (GMT+3) on Friday, 21st of April 2017, the margin required for all positions (for opening new positions and for maintaining existing positions) will be temporarily increased for all instruments to:

  • 1% (100:1 leverage) for all currency pairs, Gold and Silver and
  • 4% (25:1 leverage) for all CFDs on Equity Indices, Commodities.

This temporary measure will be completely waived for all positions and margin requirements will revert to normal (as per normal client account leverage settings) by Monday 24th of April 2017, shortly after the announcement of the results of the French presidential elections.

Clients who intend to keep open positions during the upcoming French Presidential Elections should ensure that their accounts are sufficiently funded to avoid any disturbances from possible margin calls and/or stop-outs in their trading activity.