information regarding your accountAhead of an expected increase in market volatility around the UK’s EU referendum on the 23rd of June, 2016 we’re writing to let you know about changes that will affect your account.Changes to our marginsOur margin requirements will change temporarily to reflect the increased market uncertainty around the referendum. From the 19th June, 2016 these changes will include:GBP related currency pairs and UK Indices will move to 3% base margin as a minimumEUR related currency pairs and European and US Indices will move to 1% base rate margin as a minimumUK 100 Equities will move to 8% base rate marginFor a full list of changes, including changes to step margin bands, please visit this pageMargin rates may be subject to further changes at short noticeFor clients with a stepped margin account, the margin rates and tiers are as per the list aboveFor clients with fixed margin account, the base margin rate is as per the first margin tier set out in the list above. Please note that in the event the size of your position exceeds the threshold (“up to” amount) set out in the list above, your full position may be charged a higher margin rate, in line with those specified.If you are unsure of the margin type on your account, please contact our Client Management department.For up to the minute information on our margin and spread changes, please visit our dedicated EU referendum page.Managing your risk around the referendumTraders should be prepared for unpredictable market moves and a heightened chance of markets ‘gapping’. We recommend that you closely monitor your account and check our website regularly for the latest updates. Should you wish to trade, you must ensure that your account has sufficient funds to cover the increased margin requirements.Log in and fund your accountConsider Stop Loss orders and reduce trade sizesAs markets increase in volatility it is advisable that you consider taking prudent risk management steps to protect your account.Use Stop Loss orders on open positionsConsider more conservative position sizing or closing some positionsOr consider even taking a break entirely if you’re not comfortable trading volatile markets.Preparing for volatile market conditionsFind out more about trading during the referendum vote on our dedicated EU referendum page and make sure you adjust your trading strategies accordingly.Kind regards,The City Index Team
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