Important Notification – Turkish General Election

Posted on June 19, 2018 at 6:00 am GMT. Read More XM Company News

We would like to inform our clients that the upcoming Turkish General Election, which will take place on 24th June 2018, 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 anticipated market turbulence during the elections, XM will implement the following temporary measure:

From 18:00 p.m. server time (GMT+3) on Friday, 22nd June 2018, the margin required for all positions (for opening new positions and for maintaining existing positions) will be temporarily increased for all instruments to:

  • 1% (100:1 leverage) for USDTRY and EURTRY currency pairs.

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 25th June 2018, shortly after the announcement of the results of the Turkish General Election.

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

strong>Note: Please ensure you have the latest, up to date XM MT4/MT5 client terminal in order to see the correct margin requirements.