Leverage Adjustment on NFP Report Event: March 7th 2023
As you may be aware, the highly anticipated Non-Farm Payroll (NFP) report scheduled for this Friday will coincide with the Easter holiday market closure. Consequently, the market opening on Monday may experience significant volatility, even with the possibility of a gap risk. Therefore, we are implementing the following precautionary measures to mitigate potential risks:
We will reduce the leverage for gold and crude oil to 100:1 and restore it to 500:1 on Monday.
For clients with existing positions, we will provide credit support based on the actual situation to avoid the risk of margin calls.
We appreciate your understanding and cooperation in this matter. We wish you a successful trading experience with FortunePrime Global.