Turkish Local Elections
On 31 March 2019 the elections in Turkey are going to be held, which can result the high volatility on the market, the decrease of liquidity and in spreads and price gaps appearance.
To protect our clients from negative market activity during elections, FortFS temporarily increases the margin requirements starting from 21:00 server time (GMT +2) on Friday, 29 March 2019.
For the currency pairs USDTRY, EURTRY, GBPTRY the margin requirements will be increased 5 times.
On Monday, 1 April 2019 these margin requirements are going to be returned to the standard values in accordance with the account terms.
Please keep this information in mind while planning your activity on financial markets. The positions which are kept opened for the weekend should be provided with enough balance to support the increased margin of Turkish lira pairs (USDTRY, EURTRY, GBPTRY).