eToro Warn of Temporary Restrictions Ahead of UK Election

eToro Warn of Temporary Restrictions Ahead of UK Election

eToro has today taken to Twitter to make sure their traders are aware of some measures that will be put in place ahead of the market volatility that the election on Thursday could prompt.

Since the Brexit Referendum of 2016, there is no denying that the UK as a country has been in turmoil, which of course has a significant effect on the value of the Great British Pound. As a direct result to this, there has already been an election in 2017 and this week we are due for yet another.

Due to this, the turmoil isn’t over yet and the volatility of the pound is very high. With this considered, CFD and cryptocurrency exchange platform, eToro have taken it upon themselves to put certain sanctions in place to protect themselves and traders from any sharp changes in the market conditions that could cause problems as a result of the election.

The platform has rolled out 2 temporary restrictions that may be put in the build-up and fall-out of the general election on Friday. These are the reduction of leverage levels available, approximately 48 hours before 12th December, and the suspension of the ability to adjust Stop Loss and Take Profit from closing time of markets until markets are reopened (overnight).

These restrictions will be put into place for some of the most relevant to the UK trading instruments – GBP currency pairs, UK100 index, UK Stocks, Crypto/GBP pairs, and Gold. As such, if you have your money placed anywhere in any of these UK-related areas of investment, then these sanctions will likely affect you.

While these are just precautionary measures at this point, limitations to your trading should definitely be noted. You may also want to consider adjusting your assets accordingly some point in the next day or two to avoid being affected by these elements that eToro may put into place.

Recently Similar News

trueflip-promotion bitamp-promotion

Latest Guides

Latest News

Bitcoin,Ethereum,Finance,Trading

XTB Notes That Bitcoin Market Sentiment Hits Yearly High

As Bitcoin breaks $12,000 per BTC, market sentiment for Bitcoin is at a yearly high. After just breaking through the major resistance level fo $10,000, Bitcoin has shown no signs of slowing down as it breaks the $12,000 barrier today. This bull run and market sentiment is applying to other major cryptocurrencies, such as Ethereum […]

10 August, 2020
Binance,Bitcoin,Derivative Trading,Trading

Binance’s July Trading Report Showcases Futures Contract Trading

Binance, the largest cryptocurrency exchange worldwide, update their followers on the state of the market in July, including the fact that the top 10 performing coin futures contracts on Binance gained at least 45%. Binance has released their monthly trading report to their users with a lot of very positive news. The first key takeaway […]

10 August, 2020
Bitcoin,Crypto Wallets,Cryptocurrency,Exchange Platforms

Changelly July Digest: What to Expect Moving Forward

Changelly has released their monthly report highlighting the most impact decisions of the month. The largest announcement that Changelly has made this month is the introduction of Changelly PRO, a fuller feature cryptocurrency exchange that will allow Changelly users to “expand their boundaries of the daily trading experience”. This is quite the expansion from Changelly’s […]

8 August, 2020
Bitcoin,Crypto Mining,Cryptocurrency,Mining

Changelly Creates List of Best Bitcoin Mining Software and Miners in 2020

Changelly, the popular CFD trading platform, is focusing on providing educational material to the crypto community and wants to showcase the state of Bitcoin mining in 2020. The break down the most reliable Bitcoin miners of the year. Bitcoin mining, or validating transactions on the Bitcoin blockchain, is the backbone of the decentralized ecosystem that […]

8 August, 2020
Blockchain,Cryptocurrency,Exchange Platforms,Trading

Exmo Exchange Has Harmony Win Contest for New Coin Listing

Exmo exchange has held a competition to decide on which coin will be listed on their exchange next for trading. The contest was between two projects, Harmony and JUST, with Harmony winning by a large margin. After holding another vote to determine which coin will next be listed on the Exmo exchange, Harmony beat out […]

7 August, 2020
Bitcoin,Cryptocurrency,Localbitcoins,Trading

LocalBitcoins Announces 2019 Financial Results

LocalBitcoins, the peer-to-peer platform set up to facilitate in person Bitcoin trading, has released their 2019 financial statements. LocalBitcoins, the most popular peer-to-peer platform for users to finds like minded individuals to do in person trading with, announced and released their 2019 financial statements in July. LocalBitcoins reported that they brought in an annual revenue of […]

7 August, 2020
BitMEX,CFD Trading Platform,Cryptocurrency,Exchange Platforms

BitMEX Introduces Lower Maintenance Margins and Explains Their Impact

The popular cryptocurrency exchange BitMEX has lowered their base maintenance margin requirements for users that participate in futures trading. BitMEX has decided to lower their Base Maintenance Margin requirements for their futures trading, a move they say will have positive impacts. The latest margin maintenance requirements had dropped both BitMEX’s XBT and ETH contracts to […]

6 August, 2020
Bitcoin,Cryptocurrency,Exchange Platforms,Regulation

Zcash Is Now Available On The eToro Exchange

Zcash, one of the most popular privacy based cryptocurrencies in the space, is now available for trading on eToro. Zcash was initially launched in 2016 by the Electric Coin Company, and is supported by the Zcash Foundation, a public charity. Zcash has the goal of bringing privacy to the blockchain. As a hard fork of […]

6 August, 2020