Elections in Turkey
On June 24th 2018 the elections in Turkey are going to take place, which can result in high volatility on market, in the decrease of liquidity and in spreads and price gaps increase.
To protect our clients from negative market activity during elections, FortFS temporarily increases margin requirements starting from 18:00 server time (GMT +3) on Friday, June 22th 2018.
For the currency pairs USDTRY, EURTRY, GBPTRY the margin requirements will be increased 5 times.
On Monday, June 25th 2018 these margin requirements are going to be returned to the account's standard values.
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).