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Increased volatility is expected due to referendum being held in Italy

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On 04.12.2016 (Sunday) a referendum in Italy is being held, aimed to change the country's constitution. The vote is expected to cause increased volatility and gaps in all financial instruments.

Varchev Finance will not change the margin requirments of the instruments in MT4. There will be changes in margin requirements for some financial instruments in VAT, (DE30 from 1.5% to 2.0%, ITA40 from 1.5% to 3.0%) complete details can be found here: VAT margin requirements. Changes will take effect from 12.03.1016, and we want to remind you that maintaining a high level of free margin around events with high-risk nature is recommended.

Please check the margin level of your accounts. The formation of gaps or abrupt changes of quotations spikes and extended spreads can lead to insufficient funds to maintain your open positions and eventually closing any or all of them. If necessary, you can deposit into your margin account, reduce open exposures and / or find hedging / opposite positions.

You can fund you account at any time during the weekend and even after banks closing time today through Deposit and withdraw - credit / debit cards, paypal, epay, skrill or in any of our offices or exchange offices in Sofia - / str. Tsar Samuil 1 / Varna - / Mall Varna, bul. Osmi Primorski Polk 71, bul. Slivnitsa 69A, Piccadilly Park /, Burgas - / Mall Plaza /.

Varchev Finance reserves the right to change margin requirements depending on the market situation.

If you have further questions, please do not hesitate to contact us on 0700 17 600, Chat with dealer or at info@varchev.com

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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.

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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.

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