News & Research

Notice of Leverage change

05 July 2016

Dear Client / Trader,

As we notified in the previous email, currently there is high potential volatility created by Brexit uncertainty. As you may know, UK's EU referendum is being held on Thursday, 23 June to decide whether Britain should leave or remain in the European Union and we call it 'Brexit' that is a shorthand of saying the UK leaving the EU - Brexit: merging the words Britain and exit, as it was referred to Grexit for Greece Exit. In the above situation the global financial markets will likely be high volatile creating wider spreads and periods of reduced liquidity with a big gap risk.

As Land Prime has the duty to protect against our clients’ interest, we would like to inform you that we will increase the required margin of all clients' live account(s) during some specific times hereby the leverage will be set to 50:1 meaning the margin requirement to 2% from 00:00 15th June 2016(server time, GMT-5).

This will add additional margin requirements to maintain your opened or existing position(s) and will also affect both new and opened one(s) so, please be noted that you should take appropriate measures and these measures are to decrease your trading risk and protect you from this rare event that has high volatility. In addition please keep in mind that under certain circumstances Land Prime has the right to control or close your open position(s) if there is not enough margin in clients' account(s).

These temporary risk parameters may persist over the weekend of 25th and 26th of June depending on the market reaction to the referendum result, and we hope it helps you mitigate the risks.

If you have any further questions or concerns, please let us know.

Best Regards,
Land Prime Account Team.