Brexit Vote Announcement
Please be informed that due to UK’s Brexit vote on the 23rd of June, 2016, GDMFX is going to change its margin requirements for All trading instruments. The margin for all new and open positions will increase twice.
For example, on a trading account with leverage 1:200, the currently required margin in the amount of $500 per lot, will increase to $1000 after the change. For accounts with leverage 1:500, the change will be from the current $200 to $400 per lot.
The above margin changes will be effective from the start of trading on Sunday, 19th of June, 2016. Caution is advised if you have open positions at that time, as they might be affected by an increase in the margin requirements. Fully hedged accounts will not be affected.
Please note that in case of extremely high volatility and abnormal market conditions, GDMFX reserve the rights to take further actions such as restrict some trading instruments to "Close only" or increase the margin requirements following the restrictions of our liquidity providers.
There is likely to be an increase in volatility across global markets in the coming weeks, so you will need to take this into consideration and prepare extra funding for your account should this be necessary.
If you have any questions, please do not hesitate to contact us.