As noted in our previous email, with the upcoming French Presidential Election, we anticipate higher uncertainties in the global financial markets. The French Presidential Election is to be held on Sunday, 7th May 2017. Immediately before and after the election the global financial markets will likely experience higher volatility with wider spreads and periods of reduced liquidity. 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) temporarily setting the leverage ratio to 100:1 (margin requirements to 1%) from (GMT-5) 5th May 2017. Please note that the required margin can further increase depending on the market situations. This will add 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 weekend depending on the market reaction to the election results.
If you have any further questions or concerns, please let us know.