Margin Requirement Update
June 5, 2016, 12:00 am
We believe there is a chance of disruption and highly illiquid conditions in the forex markets during the coming weeks due to the upcoming British referendum on 23 June, 2016. In an effort to mitigate customer losses Atiora will make the following updates:
Effective on the market open June 6th (5 PM NY time on June 5th), the margin requirement on UK 100 and all GBP FX pairs will be 2% (leverage of 50:1).
Effective on the market open June 20th (5 PM NY time on June 19th), the margin requirement on UK 100 and all GBP FX pairs will be 4% (leverage of 25:1) until further notice.
Please monitor margin on deposit with Atiora accordingly, and make any adjustments/changes deemed necessary.
Thank you in advance for your understanding in this matter.