Reduction of leverage on US Election Day

Reduction of leverage on US Election Day
Source: Dukascopy Bank SA
Reduction of leverage on US Election Day, photo #1
Due to the risks of high volatility, low liquidity and significant price gaps on the presidential election day in the USA, Dukascopy is taking the following measures:
  • On Sunday 6 November, 22:00 GMT before the market opening, the leverage on USD/MXN will be lowered to 1:10. This measure will remain in place until further notice.
  • On Tuesday 8 November at 10:00 GMT, the trading leverage on all currency pairs will be decreased till the level of the over-the-weekend leverage conditions on all trading accounts that have the balance over 30,000 USD or equivalent at the end of previous trading day (account balance on 7 November).
All other accounts (under USD 30,000 or equivalent) that experience a significant increase of equity due to profit or deposit on Tuesday 8 November will be treated on a case-by-case basis.

The leverage reduction is planned to be cancelled on Wednesday 9 November, 05:00 GMT. Dukascopy reserves the right to prolong it if found necessary. 

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