How Brexit Affects Your Trading: the Full List

A comprehensive list of ‎brokers that have updated their trading requirements. More ‎‎‎will be added as news comes in.

Ahead of the upcoming UK referendum on EU membership scheduled for Thursday,  the ‎majority of brokerage firms are raising their margin requirements, mostly on GBP, ‎EUR and UK indices, amid fears that the Brexit vote on European Union ‎membership on June 23 will trigger market mayhem.‎

This article is designed to be an easy-to-understand guide that lists the margin and ‎leverage changes across most of the key players in the trading industry. ‎The tightening of the trading conditions was a mandatory step to help ‎ensure that their clients are provided with better protection against the predicted volatility ‎surrounding this event. ‎

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You can find below a list of ‎brokers that have updated their trading requirements, and more ‎‎will be added as news comes in.‎

Darwinex: Margin for EUR crosses up to 2% (from 0.5%-1%), margin for EUR/GBP up to 5%. Date of effect: June 16th

Admiral Markets: Margin for GBP pairs and FTSE100 up by five times on Admiral.Markets accounts. Date of effect: June ‎‎20th

JFD ‎Brokers: Margin for AUD/USD, USD/CAD, NZD/USD, USD/JPY down to 0.5% from ‎‎1.0%. Date of effect: June 12th

GMO ‎Click: Limits to size of open positions. No GBP/JPY trading on FX options. Date of effect: June 11th

FXCC: Margin for all GBP and EUR pairs up by 200% and 100% for all remaining ‎ones. Margin call level up to 150% and stop out level up to 100%. Date of effect: June 13th

Dukascopy: Leverage for GBP pairs down to 1:30 and for GBR.IDX to 1:10. Date of effect: June 22nd ‎

Saxo ‎Bank: Margin for all UK Index CFDs up to 8%, GBP pairs up to 7%. Date of effect: June 20th

Orbex: Leverage for GBP and EUR pairs down to 1:25, other symbols 1:100, stop out ‎level up to 50%. Date of effect: June 16th

IG ‎Group: Margin for FTSE100 and all GBP pairs up to 1% from 0.5%.Date of effect: June 17th

OANDA: Leverage for GBP pairs down to 1:20 and for EUR pairs down to 1:50. Date of effect: June 17th

IronFX: Margin for FTSE100 and GBP crosses up to 5%‎. Date of effect: June 17th

XM: Margin for all currency pairs, gold and silver up to 4% and 10% for all CFDs ‎on equity indices and commodities.‎ Date of effect: June 22rd

Rakuten: Maring for GBP pairs up, GBP/USD to $140. Date of effect: June 19th

Z.com: Leverage for EUR/USD down to 1:100, GBP/USD, GBP/JPY, EUR/GBP to 1:50. Date of effect: June 19th

Invast: Net open positions for GBP crosses restricted, higher margin. Date of effect: June 20th

AxiTrader: GBP crosses, several EUR, XAGUSD, XAUUSD, European indices- margin ‎down to 1:20. Other instruments 1:100. Date of effect: June 20th

LiteForex: GBP and EUR pairs, oil, indices, commodities – margin increase up to ‎twentyfold. Only ‘close mode’ for exotic GBP and EUR crosses.‎ Date of effect : June 20th

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Vantage ‎FX: Margin increase up to 5% and 2% for XAUUSD, limited max trade size and ‎‎’close only’ mode for minor GBP and EUR crosses. Date of effect: June 20th

FxPro: Margin for indices increased to 5% and FX to 2%(cTrader) and up to 0.5% for ‎MT4, depending on position size.‎ Date of effect: June 17th

FxCrown: Margin for GBP and EUR crosses down to 4%‎. Date of effect: June 17th

ETX: Margin for indices up to 2%(5% for Spain/Italy) and 3% for gold and oil. ‎Margin for GBP pairs and minor EUR up to 3%. GBP/CHF and EUR/CHF up to ‎‎6%.‎ Date of effect:  June 16th

Forex.com: Margin for GBP pairs and UK indices up to 3% (including EUR/GBP). Margin ‎for EUR pairs and indices and US indices up to 1%.‎ Date of effect: June 17th

Capital ‎Index: Margin for all tradable assets up to 5%, stop out level up to 90%. Date of effect: June 17th

Roboforex: ‎’Close only’ mode for GBP pairs. Since 23rd deposit for GBP instruments up ‎to 20 times.‎ Date of effect: June 20th

DeltaStock: Possible changes – to be updated. Date of effect: TBA

INTL ‎FCStone: GBP and EUR pairs, gold, silver- 200% of min CME margin.‎ Date of effect: June 16th

BMFN: Deposit for FX up to 2%, commodities to 5%,indices to 10%. Stop Out at ‎‎100%. Date of effect: June 19th

Pepperstone: Leverage for GBP pairs and UK100 down to 1:50, for EUR pairs and indices ‎down to 1:100.Date of effect: June 18th

DMM FX: Trading suspended on GBP and EUR pairs. Date of effect: June 22nd

UFX: Margin on all GBP pairs up to 2% and for Gold 1%. Date of effect: June 22nd

OctaFX: Margin for EUR pairs up to 0.5% , margin for pairs up to 1%, and can be ‎increased to 2% (1:50)‎. Date of effect: June 23rd

ForexClub: Maximum leverage available for trading is not going be more than 1 to 20. ‎Also, next week it could be lowered further to 1 to 10 and other limitations ‎may be applied.‎ Date of effect: June 22nd

SwissQuote: Select GBP crosses margin increased to 5%: Date of effect: June 17th

Fullerton Markets: Increase in margin requirements on a selection of GBP crosses ranging from 2%-4%. Date of effect: June 21st

ICM Capital: All EUR crosses will have a leverage of 1:50, all GBP crosses will have a leverage of 1:25 and F100 and DAX will have a margin of $5,000. Date of effect: 12th June

easyMarkets: Trading remains unchanged with leverage on instruments at 200:1, with stop losses guaranteed

This article was prepared with the assistance of Finance Magnates Business Intelligence Department.        

 

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