CHANGES TO MARGIN REQUIREMENTS on EURRUB and USDRUB due to Force Majeure Event

Dear TeleTrade clients,

In view of recent developments concerning the Ukraine crisis (Russian military operations in Ukraine) and in accordance with Section 16.3 of the Client Agreement “The Company may change Margin requirements without providing the Client with any prior written notice if a Force Majeure Event (21.1(a) of the Client Agreement) occurs”, we have increased the margin requirements on pairs EURRUB and USDRUB as of today, February 24th, 2022 ("Effective Date").

Moreover, in view of the above Force Majeure Event and in accordance with our risk management procedures, spreads have been widened on EURRUB and USDRUB as well as all Energies and Indices. Please bear in mind that due to the situation, further changes may be expected.

As the above information may influence your trading on the specific instruments, including your open positions, we encourage you to trade responsibly by monitoring and adjusting your positions as you deem appropriate or by making sure that your account is sufficiently funded to support any significant changes within the trading conditions. 

We advise you to visit once again the Risk Disclosure Statement available on our website. 

We wish to take this opportunity to thank you for your valuable business with us.

Kind regards,

The TeleTrade Team