Dear Client / Trader,
Triggered by the recent Tariff war between U.S. and Turkey, currencies in Turkey and other emerging economies have experienced higher volatility coupled with wider spreads from reduced liquidity. As we anticipate continued higher uncertainties in Turkey and emerging financial markets, we need to make temporary changes in the margin requirements.
To protect the best interest of our clients, we would like to inform you that we will increase the margin requirements on all clients’ live account(s) setting the leverage ratio to 2:1 and 10:1(margin requirements to 50% and 10%) as the below table from (EDT) 6th September 2018. Please note that the required margin can further increase depending on the market situations.
This will need additional margin requirements to maintain your open or existing position(s) and will also affect new trades. So, please note that you should take appropriate measures to mitigate your trading risk as it is designed to protect you from higher risk arising from higher volatility.
In addition, please keep in mind that under certain circumstances Land Prime has the right to control or close your open position(s) to meet the minimum margin requirements.
These temporary risk parameters may persist over the period depending on the market stabilization of Turkey and other emerging financial markets.
If you have any further questions or concerns, please let us know.
Land-FX Account Team.