US Election 2024 Important Notification

30 October 2024, 06:37

Share on:

Dear Valued Client,

With the upcoming U.S. election expected to heighten market volatility. PU Prime remains committed to ensuring a secure trading environment. We are pleased to confirm that no changes will be made to our current margin requirements ahead in anticipation of the 5th November 2024 election.

We provide stable spreads across our offered instruments, ensuring a supportive trading environment even amidst market fluctuations. However, in the event of extreme market conditions, additional measures may be introduced to maintain stability, potentially with little or no advance notice.

Potential market impacts during the U.S. election period may include:

Wider Spreads: There may be periods when spreads are significantly wider than usual.
Increase in Slippage: As market uncertainty rises, orders may experience greater slippage.
Deviation in Stop-Out Levels: Stop-out levels potentially deviating from expected levels.
High Volatility: Markets may respond sharply to news and updates, leading to extreme price fluctuations.

PU Prime may introduce precautionary measures to mitigate these risks including, but not limited to the following:

Leverage Adjustments: Reducing leverage increases margin requirements, helping to mitigate the risk of over-leveraging and excessive risk relative to capital, thereby minimising exposure to margin calls and potential liquidations during volatile conditions.

We encourage clients to deposit funds in advance and stay alert to market developments, to help safeguard against potential stop-outs due to insufficient funds or adverse market movement.

PU Prime will make every effort to notify clients of any such changes in advance. Please carefully consider these potential implications and exercise caution during this period of heightened market activity.

If you have any questions or require any assistance, please contact our Customer Care Team via Live Chat, email: [email protected] or phone +248 4373 105.