We would like to remind you that the US General Election is scheduled to be held on 3rd November 2020. There is a high degree of uncertainty as to the outcome of the vote and in nearby future, all USD currency crosses, US Indices, Oil, Gold are likely to experience significant volatility with increased risk of market gaps, abnormal spreads or thin market liquidity.
In light of the above extraordinary market conditions, starting from 16:00 (GMT+1) on October 30, 2020, RGS Finance Ltd. (Exco Finance) will implement:
• change and decrease the standard account leverage level available to clients into 1:100
• possible change and increase margin requirements from 1% to 2% for US indices symbols, Gold, Silver and Oil
In addition, RGS Finance Ltd. (Exco Finance) will monitor the current market conditions and may implement further trading restrictions by increasing standard margin requirements available to clients for all USD currency pairs from 1% to 2%.
We strongly recommend that you take the above risk into consideration when planning your trading strategy and ensure that you have sufficient funds in your account to cover your open positions. This also includes „hedged” positions which, in case of spreads increase, face the possibility of a Stop Out.
If you have any more questions regarding the above, please do not hesitate to contact us.
Exco Tech Team