FIBO Group, following recommendations of the regulator, notifies you about changes to the trading rules, size of margin collateral, and execution of orders due to the referendum on Great Britain's membership in the European Union.
The changes concern MT4 NDD No Commission, MT5 NDD, M4 NDD, and cTrader STP accounts, and will become effective at 00:00 EET on Monday, June 20, 2016.
For these accounts, 1:25 is the fixed value of the margin collateral for all trading symbols. Please note that the margin collateral will be recalculated for all open positions.
Furthermore, starting on June 20, all instruments may be switched to Close Only mode in case of high market volatility. Significant widening of spreads and increased margin requirements are also possible.
Prior to the close of trading on June 17, 2016, we strongly recommend that you bring open positions into strict compliance with the new, temporary trading conditions. In case of discrepancy between the values of margin collateral and the new requirements, positions will be forced closed.
The end date for the special trading conditions will be announced later.
If you have any questions, please contact the client relations department by phone, online chat on the company's website, in "Private Messages" in the Client Cabinet, or by e-mail firstname.lastname@example.org
FIBO Group Holdings Ltd.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this broker. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this broker. Before deciding to trade foreign exchange you should consider whether you understand how CFDs work, your investment objectives, your level of experience and readiness of taking risk. The possibility exists that you could sustain a loss of some or of all of your initial investments and therefore you should not risk more than you are prepared to lose. Please seek independent financial advice if necessary.
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