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Changes to trading conditions ahead of US elections announced by Alpari, Vantage FX, Dukascopy, Hantec Markets

Nov 03 2016
By
Forexbrokerz.com

An increasing number of brokerages are introducing temporary trading conditions due to the expected volatility around the US presidential elections. Most of them are hiking margin requirements to all or select instruments in an attempt to protect themselves and their clients from unexpected market moves which may result in heavy losses.

Here are some details on the amended trading conditions of Alpari, Vantage FX, Dukascopy, Hantec Markets, and Blackwell Global.
 

Alpari 

The offshore-regulated forex broker mostly active in Russia will introduce the following temporary amendments to trading conditions for the 7-11 November period:

  • For standard.mt4, nano.mt4 and pamm.standard.mt4 accounts – the maximum floating leverage will be 1:100;
  •  
  • For ecn.mt4, pamm.ecn.mt4, pro.ecn.mt4, pamm.pro.ecn.mt4, ecn.mt5, and pamm.ecn.mt5 accounts – the maximum floating leverage will be 1:50;
  •  
  • For nano.mt4 accounts – the maximum order size will be 10 lots and the maximum leverage will be 1:100;
  •  
  • For standard.mt4 and nano.mt4 accounts – the Limit & Stop Levels will be established equal to two spreads.


The broker also noted that some instruments could be set to close-only mode in case of higher market volatility and low liquidity.


Vantage FX

As of 3 November, the following temporary margin rates will apply to clients of this leading Australian broker:

3% margin: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDJPY, USDCHF, USDNOK, USDSEK + USDZAR and USDMXN close only.

4% margin: XAUUSD, XAGUSD, CL-OIL

4% margin: FTSE100, DAX30, DJ30, Nikkei225, SP500

Vantage FX also warned that it may set some instruments to close-only mode ahead of the US elections in order to mitigate the risks associated with the expected market volatility.


Dukascopy 

As of 7 November, the major Swiss forex broker will increase margin rates on all contracts for difference (CFDs) on indices to 10%. On the day of the elections (8 November) currencies will be traded with a leverage lowered to the level of the over-the-weekend leverage conditions the bank offers.

The change of the Dukascopy’s trading conditions will affect trading accounts with balances exceeding $30,000 (or equivalent). The temporary leverage will be into effect until 9 November, subject to further extension, if necessary.


Hantec Markets

The broker will introduce temporary margins from 6 November across all instruments, regardless of the type of trading account. For currency pairs, margins will be increased threefold, while all indices and commodities will be traded with doubled margins. Hantec Market said this precautionary measures are undertaken as many of its liquidity providers are increasing their margin requirements across the board on all instruments.


Blackwell Global


Blackwell Global said it will temporarily increase margins on major, minor and exotic currency pairs on 6 November. Margins will be doubled for precious metals (XAG/USD and XAU/USD), as well as for majors (AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, and USD/JPY). For other select currency pairs, such as some EUR, USD, GBP crosses, margin requirements will be increased by three times.

Select CFD instruments will also be traded at temporary conditions:

CFDs with doubled margin – AUS200, DE30, ES35, STOXX50, F40, HK50, JP225;
CFDs with tripled margin – UK100, US30, US100, US500, USOil, UKOil.
 

UK-based IG Group, Octa FX and Danish retail forex broker Saxo Bank were the first to announce amendments to their trading conditions ahead of US elections. Lesson learned from Brexit, companies undertake precautionary measures, as political uncertainty usually heightens market volatility, which makes online trades even riskier than they typically are.

 

 

TAGS: us elections  Alpari  Vantage FX  Dukascopy  Hantec Markets 
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