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Service of Bancard cards terminated
InstaForex informs its clients that debit Bancard cards are no more supported. All clients can withdraw balance from Bancard cards through such payment systems as SorexPay, Skrill, and STP in the same currency as they deposited an account.
As an alternative to a Bancard card, you can order an InstaForex Benecard card, a prepaid bank card. Make sure you read carefully the terms and conditions before requesting this card.
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Change in trading conditions for several instruments from June 20, 2016 until June 27, 2016
Dear Clients,
The referendum on the United Kingdom's membership in the EU is to take place on June 23, 2016.
The referendum is broadly expected to cause turbulence in global financial markets no matter whether the vote will be for or against Brexit. Any developments in voting and any outcome will evidently make a profound impact on the forex market, first and foremost on the GBP and EUR currency pairs. Therefore, these instruments will be trading with record high volatility throughout next week.
To protect clients' positions, the company decided to change marginal requirements for certain trading instruments on a temporary basis.
The following amendments are introduced for the week from June 20 until June 27:
1.The minimum margin requirement could be raised to 2% for the following currency pairs: GBP/USD, EUR/GBP, GBP/CHF, GBP/JPY, GBP/AUD, GBP/CAD, and GBP/NZD as well as all exotic crosses involving the GBP.
2.The margin for some stock indices such as #N100, #DAX, and #FTSE could be increased several-fold from a standard requirement in case of higher volatility.
3.The minimum margin requirement could be raised to 0.5% for the following currency pairs: EUR/USD, EUR/JPY, EUR/CHF, EUR/AUD, EUR/CAD, and EUR/NZD as well as all exotic cross pairs involving the EUR.
As you are aware of higher volatility and big changes in marginal requirements, we strongly advise you to consider seriously that trading the above-mentioned instruments entails grave risks for the whole week.
Please adjust your trading strategy for the circumstances. You can either minimize or refrain from trading these instruments. Besides, make sure you have enough available funds in your account to maintain open positions.
We would like to warn you that such changes in trading conditions might not be final. In case of higher volatility and low liquidity, further restrictions could be imposed without advance notice.
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The changes of trading conditions apply to some instruments due to high volatility
Dear Clients,
Britain's referendum is over, but high volatility and low liquidity still persist in financial markets. To protect clients' positions and the company's responsibilities from the risks related with the referendum's outcome, margin requirements on some trading instruments will be raised temporarily. Changes will be in place up to and including June 27.
The changes of trading conditions apply to the following instruments:
GBPUSD, EURGBP, GBPCHF, GBPJPY, GBPAUD, GBPCAD, and GBPNZD – the margin required for opening new orders totals 2% of the deal size; the margin required for holding opened positions makes up 1%.
EURUSD, EURJPY, EURCHF, EURAUD, EURCAD, EURNZD – margin is raised to 0.5%.
GBP exotic crosses, EUR exotic crosses – margin is raised to 1% and 0.5%, respectively.
Stock indices are available only for closing.
A return to usual trading conditions will be announced later.
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Limitations placed due to Brexit removed
Dear Clients,
Trading conditions, which were changed due to Britain's referendum, are now back to standard for all instruments.
Margin requirements are again calculated based on leverage for all trading account types.
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Trading hours changed due to Independence Day in US
Dear Clients!
It is our priority to ensure your uninterrupted and profitable trading. That is why we inform you of changes in trading hours because of the Independence Day celebration in the United States. Trading hours will be changed on July 4 and 5, 2016.
July 4, 2016
The following instruments will not be available for trading:
CFDs on shares
Agro Futures
Goods Futures
#SPX, #INDU, #COMPQ
Trading on the following instruments will be closed at 20:00 terminal time:
Spot metals (GOLD, SILVER, XAUUSD)
Energy and Metals futures
July 5, 2016
Trading will be carried out as usual except for the following instruments:
Agro Futures (only #ZW, #ZS, #ZL, #ZM, and #ZC) — trading closed at 16:30 terminal time
Goods Futures (only #LBS) — trading closed at 17:00 terminal time
Please take time shifts into account when conducting trading operations.
PS: The schedule is of informative nature and may be changed.
Best regards,
InstaForex Support Team
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Success with InstaForex: company’s clients closed more than 200,000 winning trades on Brexit news.
On June 23, 2016 the Britons voted in the referendum on whether the UK should remain or leave the European Union.
The outcome came as a surprise to most market players in Forex. On the day when Brexit was declared, InstaForex clients closed more than 200,000 winning trades on GBP, thus gaining total profit of over $6 million.
Importantly, despite extreme volatility and a complicated market environment in the course of the referendum and vote count, InstaForex offered the most favorable trading conditions, in particular leverage of 1:1,000 for several popular currency pairs. At the same time, a lot of brokers restricted leverage to 1:20-1:33.
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Hedging now available on МТ5
Dear Traders!
You now have an opportunity to choose either a hedging or netting arrangement when opening an account for trading via MetaTrader 5 platform. MT5 accounts were originally created for exchange trading based on the netting system. This implies that a trader can only have one position opened on a given financial instrument at one time, and all subsequent operations on the asset will lead to a change of volume, closure, or reversal of the deal.
The new version of MetaTrader 5 now features the hedging system. It enables traders to open as many orders on a specified trading instrument as they like, including opposite positions. That way you can apply locking strategies, i.e. open an order in the opposite direction if you are already running a losing deal.
Both hedging and netting accounts have certain benefits. Before MetaQuotes Software Corp. added the hedging feature to MT5, traders who preferred hedging could only use the MT4 platform. From now on, hedging has been made available to MetaTrader 5 users as well.
If you are a holder of an MT5 account and would like to switch to hedging, please contact our client support team for assistance.
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Bank of Russia provides InstaForex with new information on Russian license
Following Russia's Forex legislation introduced in January 2016, InstaForex submitted a set of documents required by the Bank of Russia to apply for a Forex dealer's license. The application has been considered by the Bank of Russia. Next week, InstaForex is awaiting a list of formal remarks and comments from the regulator. The company will fulfil all requirements and present the amended package of documents to obtain the license.
Thanks to a Forex dealer's license from the Bank of Russia, every client will be able to choose to be served under the Russian jurisdiction.
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InstaForex Olympic Bonus
In the context of the Olympic Games in Rio, we are launching a new campaign, the Olympic Bonus. Referring to the campaign's rules, holders of live trading accounts can apply for the Olympic Bonus which equals 15% of a deposit. The campaign is in effect as long as the Summer Olympic Games are taking place in Rio de Janeiro from August 5 to 21, 2016.
The weighty argument for the Olympic Bonus is that a client can receive it as a supplement to 30% Bonus. In other words, a trader receives a nice extra of 45% instead of 30% on a trading account.
The Olympic Bonus is provided only once for the accounts which passed at least the first level of verification. The bonus is not cancelled after the Olympic Games are over. So the bonus money still remains in a client's account.
Owners of all types of accounts are invited to take part in the campaign, though the bonus is not available to MT5 accounts.
Hurry up to receive the bonus as the campaign term coincides with the 2016 Summer Olympic Games!
Find inspiration from the Olympic Games and boost your profit with InstaForex bonus!
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Million over night before Brexit
Most stories of making a killing in the currency market are about the same old stuff: hard work, attention, analysis, calculations, and above all, time. But there is an exception to every rule. This time, we will tell you a story of striking gold that actually is not that unique. Many traders around the globe managed to rake it in on the outcome of Britain's referendum on the country's membership in the European Union. Our protagonist, Aleksandr, is a holder of InstaForex account No 2204114 who earned one million rubles in a single night. Such a success was linked neither to long waiting nor to detailed analysis of a forex guru. It was about trading the right pair at the right time. Aleksandr is not a professional financier or analyst. “I am neither a professional trader nor financial analyst. I started trading on Forex in 2012. I studied mainly by myself: read a lot of materials, explored the market. I trade only EUR/USD and GBP/USD. I have not succeeded much, but gained something that is more valuable than money – experience. The point of my activity in this sphere is the result, not money," our humble hero tells us.
He is not the first InstaForex client to strike it rich during Britain's referendum. However, it is difficult to ignore the story of gaining a million overnight. “I won't hide how happy I was about my trading results for June 24, 2016. On the back of Brexit, I managed to increase my funds by million rubles overnight. It's a great feeling to wake up and find out you're a millionaire. I wish everyone to reach such a goal at least," Aleksandr shared his impressions about his success.
To enjoy such a success, some trading experience and basic knowledge are required. Aleksandr advises beginners not to be lazy and study the market in detail instead, taking technical and fundamental analyses into account. He also recommends developing and testing own strategies and learning how to both enlarge and keep capital.