Due to the upcoming Presidential Election in the USA, on November 8th, all investment banks, Market Makers, liquidity providers to "Varchev Finance" are increasing marging requirements and the spread of some financial instruments and due to this fact, we are obligated to implement this increase as well on our trading platforms MT4 and "Varchev Absolute Trader".
I. After 14:00 /12:00 . London Time/ on 07.11.2016. Monday the margin requirements will increase as follows:
1. Forex - All pairs - 2%
2. Indices - All indices - 4%
3. Precious Metals - Gold, Silver Palladium, Platinum - 4%
The upcoming result from the Presidental Election will cause great efect on the USD and the indices and it is possible that will cause high volatility of the Markets and Financial instruments.
This change in requirements could help protect all traders that are clients of "Varchev Brokers" from the unexpected and unpredictable behavior of the markets before, during and after the Presidential Elections.
II. If there is an unexpected critical situation during and after the results of the election, can lead to high spreads, spikes of the prices and abnormal price behavior in one or both directions for sustained amount of time of some financial instruments.
III. This is why we highly recommend for all traders to recalculate the following:
- Used marging in the account after the updated margin requirements take efect.
- Marging Level - Marging level of the account. Levels below 500% are risky for your account.
- Current Equity of the account
- Increase margin level of your account:
- closing/decrease/ of already opened positions
- increase your balance and trading equity by adding funds to your account
- open hedge orders and positions
If you have any additional questions, please do not hesite to contact us by calling 0700 17 600, by chat with broker from our web site or at email - info@varchev.com
* In terms of the contract for trading of the financial markets by using electronic platforms "Varchev Finance" is keeping the right to change the above mentioned terms as it feels appropriate based on the existing financial market conditions, before, during and after the Presidential elections in the USA. All necessary changes will be publiched on first page of the site www.varchevbrokers.cоm
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.