Do not invest more money than you can afford to lose.
Forex.com, the main forex brokerage brand of Gain Capital, may join the group of major forex brokers who are taking precautions against high market volatility in the period around the upcoming presidential election in the US.
In an announcement quoted by the site Finance Magnates, the company notes that in anticipation of the face-off between Hillary Clinton and Donald Trump on November 8, markets may become increasingly volatile. Therefore, Forex.com clients may have temporary changes to their accounts. The changes may include, but are not limited to, updates to margin requirements in the days leading up to and after the presidential vote.
In another post on its website Forex.com urges its clients to actively monitor their positions and make sure they have adequate funds in their account to maintain minimum margin requirements, and not to over-leverage themselves. The broker also said that it will notify traders with any upcoming changes and asked them to check the website for regular updates on the matter.
Earlier this month two other major forex brokers – IG Group and Saxo Bank said they are temporarily increasing margin requirements ahead of the US elections.
