Margin increase for the Turkish lira (TRY) starting today

We’d like to inform you that our margin requirement for the Turkish lira will be increased today for both Retail and Professional Clients.

The new margin requirement will be 20% as opposed to 10% before.

This change is a security measure due to an increase in market uncertainty surrounding the TRY with liquidity expected to be extremely thin over the following days. Swaps are expected to widen as well.

The change will take effect today May 8th 2020 5 after pm BST and will apply to both existing and new positions.

Kindly make sure you have enough available margin and equity in your account for the new margin levels.

Need help? Please don’t hesitate to contact us at info@darwinex.com.