With the U.S. Presidential Election only 5 days away now, many brokers have been reporting reduction in leverage and increase in margin requirements to guard against any dry up of liquidity or sudden price shocks should markets get a little crazy.
CySEC/IFSC regulated RoboForex has taken a different approach. Today the FX broker only ‘warned’ of potential for volatility. However, the company decided to leave its leverage ‘as-is’ with no changes in margin requirements or reduction in leverage, which on some accounts reaches as high as 500:1.
A RoboForex spokesperson issued the following statement:
Dear Clients and Partners!
We’re informing you that due to the upcoming presidential elections in the USA, during the period from November 7th to 11th 2016 financial markets may suffer from the sharp increase in volatility and reduction in liquidity, which may result in significant widening of spreads.
During this period, margin requirements for open and new positions for all types of accounts will not be changed. Please, take into account this information when planning your trading activity and modify your open positions in advance.
Sincerely,
RoboForex