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Turkish Presidential Election Margin Requirement

   

Turkist

 The Turkish Presidential Election of 2018 will be happening on the 24th June as part of the 2018 General Election. At the center of the election campaigns was the faltering Turkish economy, with focus on the currency and debt crisis.

As part of our risk management regarding the election, we will be implementing a series of measures to mitigate against the expected market volatility surrounding this event.

From 21:00 GMT on Thursday June 21st 2018 (07:00AM Australian Standard Time on Friday 22nd June 2018), we will begin adjusting our margin requirements for the following currency pairs accordingly:

EURTRY = 10%
USDTRY = 10%
XAUTRY = 5%

We recommend that you monitor positions carefully and maintain a sufficient account margin surplus throughout this period, particularly prior to the weekend ahead of Monday’s market open.

Should you have any questions please don't hesitate to contact customer support on +442031410888, support@valutrades.com or live chat.

 

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

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