We would like to inform you that we have now reinstated Turkish Lira trading which has been subject to limitations last week. However, due to the general uncertainty in Turkey, the leverage for USDTRY and EURTRY currency pairs will be decreased.
Taking effect on July, 25th at 16:00 server time, the margin requirements for pairs with Turkish Lira will be increased by 2 times (1% margin). This means that if your current account leverage is 1:500, then your new leverage for TRY currency pairs will be 1:100.
This measure is designed so as to minimize any disproportionate fluctuations in positions that such uncertainty could create in the markets.
As a result of the above mentioned adjustments, we kindly request that you evaluate your current positions and calculate whether further funding will be necessary to maintain your open positions.
HiWayFX will be closely monitoring the market volatility to assess and decide whether additional preventive measures must be implemented for certain instruments such as further increasing margin requirements, enabling the ‘close-only’ mode as well as restricting availability of trading.
If you have any questions, please do not hesitate to contact us at +44 3308 280 893, by emailing email@example.com or via Live chat.