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CGTrade US General Election Leverage Adjustment Notice

Dear Clients, 

As the United States is about to hold a general election on November 3, 2020, its uncertainty will lead to high risks in the financial market. In order to deal with the potential market risks that may be brought to you by the recent market changes, CGTrade will adjust the leverage of some products after the market close on November 3, 2020 and will take effect immediately. The specific adjustments are as follows: 
 
Securities Symbols
Commodities XBRUSD   XNGUSD  XTIUSD 
Indices GECEUR   FRCEUR   UKCGBP   EXCEUR   DJCUSD   SPCUSD   NACUSD   JPCJPY HKCHKD   AXCAUD   SHCCNH   CHINA300.p   USDX
Shares #Apple   #Amazon   #Boeing   #BofAmerica   #Citigroup   #Cisco   #Chevron  #Disney   #Ford   #Facebook   #FedEx   #Google   #HomeDepot   #HPackard   #IBM #Intel   #J&J   #JPMorgan   #CocaCola   #Mastercard   #McDonalds   #3M   #MerkCo #Microsoft   #Netflix   #Nike   #Oracle   #Pepsico   #P&G   AT&T   #TeslaMotor  #Visa   #Verizon   #WellFargo   #Walmart   #ExxonMobil   ADS   AIR   ALV   BNP   CS   DTE   OR   VOD   VOW3   MOEX   CKHutchison   HKBankChina   HSBC   Softbank  Sony   Tencent   Toyota
Spot Metals XAUUSD  XAGUSD
 
1) Commodities are adjusted from 100 times leverage to 50 times leverage;
2) Indices are adjusted from 100 times leverage to 50 times leverage;
3) Shares are adjusted from 100 times leverage to 50 times leverage;
4) Leverage of Spot Metals are reduced by half on the basis of existing leverage.


Example 1: If the leverage for XAUUSD for your account is 200 times, then the leverage of XAUUSD will be 100 times after the adjustment;
Example 2: If the leverage for GECEUR for your account is 100 times, then the leverage of GECEUR will be 50 times after the adjustment.
The reduction of the leverage of the above symbols will result in an increase in the margin of your trading account.
 
In order to ensure your account security and avoid the risk of liquidation due to an increase in margin, it is recommended that you pay attention to the margin situation to replenish funds or reduce account positions.
 
Gentle Reminder:                     
1.All the above time is server time (GMT+0, London);                
2.If the above information is subsequently changed, please refer to the latest information.
 
If you have any questions, please contact our online customer service.

Wish you a smooth trade!

CGTrade
www.cgtrade.com 

DISCLAIMER: This material comprises personal opinions and ideas. It does not suggest to purchase financial services, nor does it guarantee the performance or outcome of future transactions. The material should not be interpreted as containing any type of financial advice. The accuracy, validity, or completeness of this information is not guaranteed and no liability is assumed for any loss related to any investment based on the material.

RISK WARNING: Contracts for Differences (‘CFDs’) are leveraged financial products and may incur a high level of risk whereby a small market movement or fluctuation in prices may affect the investment value greatly. It may not be appropriate for all individuals and you should not risk more than you are prepared to lose. CFDs are not traded on any exchange and they are Over-The-Counter products whereby the prices of the CFDs are derived from the underlying market. CFD traders do not own or have any rights to the underlying assets. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of trading experience. You should obtain independent financial, legal and tax advice before proceeding with any trading instruments. Nothing in this website should be construed as any investment advice by CGTrade or any of its affiliates, directors, officers or employees. Please read our Risk Disclosure and Acknowledgement Notice and Client Agreement to understand further on the trading risks on our trading platform.

LEGAL: This website is operated by CGTrade (Mauritius) Limited with its registered address at The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, Republic of Mauritius. CGTrade (Mauritius) Limited is authorised and regulated by the Mauritius Financial Services Commission with the regulatory licence number C118023669. CGTrade (Mauritius) does not solicit Citizens from the United States. Please check with your local jurisdiction to determine if you are permitted to open an account with CGTrade (Mauritius).

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