TenkoFX Increases Margin Requirements Due to Effect of virus

TenkoFX Increases Margin Requirements Due to Effect of Coronavirus

Due to the current high volatility across all financial markets, TenkoFX have taken the decision to increase margin requirements by up to 5 times their normal level in order to protect client funds. The change affects currency pairs, indices, metals and commodities and will take effect from March 17th until further notice. Please ensure you have sufficient margin to cover any open positions.

Cryptocurrencies are unaffected by this change.

Please consider these circumstances when planning your forthcoming trading activities.

As we know, today at an emergency meeting the US Fed decided to cut its key interest rate to 0-0.25% to support the economy. However, despite this, stock indices are currently falling following the news of the coronavirus pandemic.

With the fall of Asian and European indices, as well as US Index Futures, Bitcoin is also losing ground. However, in the near future, Bitcoin might attract the demand of investors as an alternative asset. Halving can give Bitcoin additional growth.

You should not expect a quick recovery in stock prices, while the spread of coronavirus continues, which impedes the normal functioning of the economy. Following an almost complete stoppage of the largest economies in the world, the number of infected continues is growing exponentially, which indicates the insufficiency of the measures taken. This factor may further destabilize markets. With this development, it is also likely that currencies in emerging markets will decline, as well as a rapid increase in volatility in the Forex market.

If stock indices hold on at current levels and coronavirus recedes, a rally in all markets can be expected. Creating a vaccine can “blow markets.” .

Based on the current situation, guided by the rules of risk management and in order to preserve client funds, TenkoFX decided to increase margin requirements. We sincerely hope for your understanding.

Related articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.

Please Enter Your Email Address:




Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Share article

Latest articles

Over the moon Bitcoins alltime high and how to invest

Mere days after celebrating its 12th birthday, Bitcoin showed the world that it has much room for growth. After topping 20,000 in 2020, Bitcoin...

Changes to TenkoFX Trading Hours on January 18th, 2021

Please note that due to the celebration of Martin Luther King Day in the US on Monday, January 18th, 2021, trading hours for some financial instruments will...

New lower trade sizes on Spot Indices!

We are pleased to inform our traders that FxPro now accepts lot sizes from 0.01 and upwards on all of our global CFD indices...

New Year brings new prize funds in Alpari trader contests

Dear clients, Theres no doubt about it 2021 is a horse of a different color compared to 2020 since its starting out with great...

Changes in trading schedule on January 18

Dear clients, Please be advised that the trading schedule will undergo some changes due to the observance of Martin Luther King Day in the...

Newsletter