XM.com is taking precautionary measures ahead of multiple elections this weekend.
European elections have continued to play a central role across currency markets in 2017. With German elections coming this weekend, September 24, XM.com has joined a growing list of brokers in raising its minimum margin requirements in an attempt to safeguard clients against potential Volatility.
The German elections this weekend will see Angela Merkel fighting for the CDU/CSU to obtain a majority – however with an estimated 46 percent of Germans still undecided there remains the potential for a variety of different outcomes. Consequently, currency markets will be dialed into this event as it holds tremendous importance for the bloc.
Temporary measures
XM.com is taking no chances ahead of any electoral outcomes, which will be implementing several new margin requirements starting on Friday September 22, lasting until Monday September 25, 2017.
As such, all new and existing positions will see a margin requirement increased 1.0 percent, or 100:1 Leverage for all EUR pairs. As the largest entity in the EU, any electoral surprise could hold sizable consequences for the single currency, which explains the precautionary measures.
Holding positions over the weekend is already risky enough due to concerns from geopolitical and global events that can take place when markets are closed. The margin increases reflect XM.com’s attempts to avoid any potential fallout for their retail clients, which could potentially lead to significant profit/loss scenarios for unprepared investors.
New Zealand garners focus
In addition, XM.com is also taking similar measures with regard to the upcoming New Zealand general election. Under the aforementioned timeframe, margins are being hiked to 1.0 percent for all NZD pairs, as well as gold and silver. This will affect all new and existing positions ahead of the September 23 election.
European elections have continued to play a central role across currency markets in 2017. With German elections coming this weekend, September 24, XM.com has joined a growing list of brokers in raising its minimum margin requirements in an attempt to safeguard clients against potential Volatility.
The German elections this weekend will see Angela Merkel fighting for the CDU/CSU to obtain a majority – however with an estimated 46 percent of Germans still undecided there remains the potential for a variety of different outcomes. Consequently, currency markets will be dialed into this event as it holds tremendous importance for the bloc.
Temporary measures
XM.com is taking no chances ahead of any electoral outcomes, which will be implementing several new margin requirements starting on Friday September 22, lasting until Monday September 25, 2017.
As such, all new and existing positions will see a margin requirement increased 1.0 percent, or 100:1 Leverage for all EUR pairs. As the largest entity in the EU, any electoral surprise could hold sizable consequences for the single currency, which explains the precautionary measures.
Holding positions over the weekend is already risky enough due to concerns from geopolitical and global events that can take place when markets are closed. The margin increases reflect XM.com’s attempts to avoid any potential fallout for their retail clients, which could potentially lead to significant profit/loss scenarios for unprepared investors.
New Zealand garners focus
In addition, XM.com is also taking similar measures with regard to the upcoming New Zealand general election. Under the aforementioned timeframe, margins are being hiked to 1.0 percent for all NZD pairs, as well as gold and silver. This will affect all new and existing positions ahead of the September 23 election.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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