30.05.2019

Public holiday in New Zealand.

Dear Clients,

Due to public holiday in New Zealand (Queen's Official Birthday) on June 3, 2019, at the time of market open form Sunday to Monday, it is expected that currency (Forex) and precious metal (Bullion) market might experience thinner liquidity, wider spreads and increased volatility across all currency and metal pairs.

High volatility in currency pairs may result in significant price gaps, widened spreads and slippages, which may cause negative equity on client accounts (negative balance). It is strongly advised that Clients maintain appropriate and sufficient amount of margin on their trading accounts at all times. Volatility can trigger Margin Call and following Stop Out (Stop Loss) orders on your trading account.

Events mentioned above may create market conditions where orders are difficult to execute and execution price of the order received significantly differs from the selected or quoted price due to market movement. Renesource Capital cannot guarantee that order execution will happen at rates, that will not result in negative balance on clients’ accounts, thereby Clients can lose more than they have invested, which may result in a necessity to deposit additional funds (assets) in order to fulfill margin requirements or cover negative balance (Agreement Ref. Num. A.I.22, D.I.8 and D.I.10).

If you have any questions, please contact your Account Manager or email us at forex@renesource.com.

 

We appreciate your understanding,

Kindest regards,

Renesource Capital

 

Risk Disclosure Statement. Margin transactions (Forex, contracts for difference CFD, futures and futures options, stock options, REPO transactions, transactions in over-the-counter derivatives and transactions using broker credit, including selling short) involve higher risk. The level of risk increases with the leverage ratio. As the result of margin transactions, relatively high profits are possible with low level of initial investments, as well as significant losses which may exceed the principal amount of investments or the amount of the collateral. Please ascertain whether margin transactions in their essence and content suit the risk profile that was assigned to you by AS IBS Renesource Capital and whether the content of margin transactions corresponds to your investment goals.

We use cookies to provide you with a more convenient and safer user experience. By continuing the browsing session, you confirm that you agree to the use of cookies. You can revoke your consent at any time by changing your browser settings and deleting the cookies stored. Read our Cookie Policy.