IG issues warning regarding market fluctuations due to Turkish presidential elections

The upcoming Turkish presidential elections have caused market fluctuations, according to a warning issued by IG. The elections are taking place from 14 May,2023 and resulted in uncertainty in the markets. Investors are concerned about the potential impact on the Turkish economy and the stability of the region.

IG stated that while it will make every effort to maintain the standard spread as much as possible, but depending on the market environment, it may be forced to expand the spread. At that time, if the maintenance margin rate (margin effective balance/maintenance margin) is low, the possibility of a margin call will increase.

The Turkish lira has already experienced significant volatility in recent months, and the elections are adding to the uncertainty. IG advises investors to closely monitor the situation and be prepared for potential market fluctuations. It is important to stay informed about the latest developments and to have a clear understanding of the potential risks and opportunities.

Overall, the Turkish presidential elections are a significant event that could have a major impact on the markets. Investors should be prepared for potential fluctuations and stay informed about the latest developments. It is important to approach the situation with caution and to carefully consider the potential risks and opportunities.

About IG

IG is a forex broker that was founded in 1974 and is headquartered in London. The broker is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). IG offers a wide range of trading instruments including forex, commodities, indices, and cryptocurrencies. The broker also provides access to advanced trading platforms such as MetaTrader 4 and ProRealTime. IG has won numerous awards for its services, including Best Multi Platform Provider at 2022, Best Finance App in 2022, Best Trading App in 2022.

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