Important Notification: French Legislative Election

Posted on June 8, 2017 at 11:00 am GMT. Read More XM Company News

We would like to inform our clients that the upcoming French Legislative Election, which will take place on 11th June 2017, will possibly lead to extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currency, commodity and stock markets globally.

In light of the elections, and in order to protect our clients and our Company from the market turbulence anticipated during the elections, XM will implement the following temporary measure:

From 18:00 p.m. server time (GMT+3) on Friday, 9th June 2017, the margin required for all positions (for opening new positions and for maintaining existing positions) will be temporarily increased to:

  • 0.5% (200:1 leverage) for all EUR currency pairs, GOLD, SILVER
  • 2% (50:1 leverage) for all CFDs on European equity indices.
  • This temporary measure will be completely waived for all positions and margin requirements will revert to normal (as per normal client account leverage settings) by Monday 12th June 2017, shortly after the announcement of the results of the French Legislative Election.

    Clients who intend to keep open positions during the upcoming French Legislative Election should make sure that their accounts are sufficiently funded to avoid any disturbances from possible margin calls and/or stop-outs in their trading activity.