Margin Requirements for Currency Pairs with TRY to be Changed

Dear customers,

Please be informed that the margin requirements regarding USDTRY, EURTRY, and TRYJPY currency pairs shall be increased from 500% to 1000% due to the spike in volatility of the Turkish lira.

This means that the leverage used to trade the above-mentioned pairs will be decreased twofold for all types of accounts. The said changes shall come into effect on November 10, 2020, at 00:00 GMT+2.

Broker Gerchik & Co and changed margin requirements regarding TRY

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Gerchik & Co

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