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Company News.

Holiday Trading Hours: December 31, 2019 – January 2, 2020
Thursday, 26 December 2019

During the New Year holiday period from December 31 to January 2, the financial market will be open according to the following trading schedule:

December 31 — the market closes at 19:00 (UTC);

January 1 — the market is closed;

January 2 — the market opens at 04:00 (UTC).

Please note that the low market liquidity and high volatility during this period may result in changes to the trading conditions such as wider spreads, increased order processing time and margin requirements.

Holiday Trading Hours: December 24, 2019 – December 26, 2019
Friday, 20 December 2019

During the Christmas holiday period from December 24 to December 26, the financial market will be open according to the following trading schedule:

December 24 — the market closes at 19:00 (UTC);

December 25 — the market is closed;

December 26 — the market opens at 04:00 (UTC).

Please note that the low market liquidity and high volatility during this period may result in changes to the trading conditions such as wider spreads, increased order processing time and margin requirements.

Quality Improvement in Analysis of Trading Signals Conducted by Algorithms of iPA Technology
Monday, 9 September 2019

Dear Customers of UBK Markets,

We would like to inform you that the Company’s specialists have been conducting complex works on improving the functionalities of the planned service “Portfolio Manager” over the last 18 months. The obtained consistent results regarding the optimization of intelligent processing algorithms of the iPA technology guaranteed quality improvement in iPA-Managers’ trading signals transmitted to Processed accounts.

Thus, from now on, profitability of Processed accounts of iPA-Managers has increased by more than 15%. In other words, the number of profitable trading signals in accounts of this type has grown. Therefore, the chances of iPA-Investors to gain profit when they copy trading signals from a Processed account have significantly increased.

In addition, from now on, the improved results in Processed accounts allow iPA-Managers, whose trading signals are processed by special algorithms, to also get bigger remuneration if they follow the recommendations for trading using the iPA technology.

The Company keeps conducting research activities to update and improve the algorithms of the iPA technology and will present new developments in this area in the future, as well as execute scheduled updates in order to help our Customers get income and achieve financial stability.

Holiday Trading Hours: December 24, 2018 – January 2, 2019
Friday, 21 December 2018

During the Christmas and New Year holiday period from December 24, 2018 to January 2, 2019 financial market will be open according to the following trading schedule:

December 24 – market closes at 18:00 according to UTC;

December 25 — market is closed;

December 26 — market opens at 9:00 according to UTC;

December 28 — market closes at 18:00 according to UTC;

December 31 – market is closed;

January 1 — market is closed;

January 2 — market opens at 9:00 according to UTC.

Please note that the low market liquidity and high volatility during the Christmas and New Year holiday period may result in changes to the trading conditions such as wider spreads, order processing delays and increased margin requirements.

Changes in Trading Conditions
Saturday, 28 July 2018

We would like to inform you that according to requirements of the Cyprus Securities and Exchange Commission (CySEC), it is necessary to make changes in trading conditions provided by Cyprus Investment Firms (CIF) for customers to execute trades in the financial market on their own.

Our Company is required to change trading conditions of Live accounts according to the current standards and requirements. As provided by the above regulatory requirements, from now on, the size of leverage for these types of accounts will depend on the financial instrument. For major financial instruments (EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD, NZD/USD) the leverage will be established by default without exceeding the level of 1:30 taking into account the current trading conditions. For additional financial instruments the leverage size will be 1:20.

On the basis of the updates mentioned above, we have decided to change trading conditions for iPA-Investor accounts as well, which will allow us to bring trading conditions to a common standard concerning the use of leverage. The previous leverage size was 1:50 for accounts with the volume of funds from 20 to 10,000 USD. Since publication of this news, the leverage for iPA-Investor accounts with the volume of funds up to 10,000 USD on the balance will be determined by the type of financial instrument and will be:

  • 1:30 for major financial instruments;
  • 1:20 for additional financial instruments.

Please note that due to the changes in trading conditions for iPA-Investor accounts, the yield, published in the Long List of iPA-Managers, will be calculated taking into account the change in leverage.