In line with the economic implications of the globally expanding COVID-19 pandemic, the world has seen a historical devaluation of crude oil prices. There has been a significant increase in volatility in the oil market over the past few days. Therefore, it is important that you manage your positions accordingly as we face these unprecedented times.
To protect clients under these volatile market conditions, LeoPrime will apply the following:
- There will be a leverage reduction on XTIUSD. This will be set at a maximum 1:20 and will be applied to all positions held after, 23rd April. Please make sure you manage your positions and fund your account accordingly.
- During this period, you will notice that swaps may be significantly higher than usual. You can check our daily swap rates on oil (XTIUSD) through the MT4 platform itself.
The changes will take effect on the market close on 23/04/2020.
Please be aware that LeoPrime reserves the right under this current force majeure event to discontinue XTIUSD from its offering anytime from now onwards and close open positions at fair market value.
Please pay special attention to these changes and consider them in your trading. You must monitor your account’s equity carefully, ensuring enough balance to sustain any open trades.
For any queries, please e-mail us at firstname.lastname@example.org, or access our Live Chat
through our website for a quicker response.
Your dedicated LeoPrime Team