FxPro Restores Margin Requirements Back to Normal Across All Instruments
- With the market remaining volatile but far from the levels of activity we have seen on Friday, FxPro eases margin policy.
Following up on changes on some margin requirements across its offering which FxPro has imposed on its clients, the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs brokerage has just announced that it is restoring trading back to normal. The statement which was sent to clients has outlined that the changes are set to occur at 10:00 AM GMT+3.
With volatility across asset classes continuing, FxPro has become one of the first brokerages to fully restore margin requirements to the levels in the run up to Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term. The massive moves in European indices that were observed around the market open have prompted FxPro to increase its margin requirements on indices around the time when European markets opened.
"As a result from the outcome of the referendum we expect volatility to continue over the next weeks however not at the levels we have seen last Thursday and Friday," FxPro has outlined in its letter to clients.
The brokerage has stated that it will continue to monitor the situation and should the market conditions require, will adjust its margin requirements in a timely basis.
Other brokerages are likely to follow suit, while some are continuing to be vigilant. OANDA has issued a note to clients highlighting that it is maintaining the caps on EUR pairs at 50:1 or 2 per cent. Looking at GBP pairs where volatility has continued unabated, margin requirements have been capped at 20:1.
Following up on changes on some margin requirements across its offering which FxPro has imposed on its clients, the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs brokerage has just announced that it is restoring trading back to normal. The statement which was sent to clients has outlined that the changes are set to occur at 10:00 AM GMT+3.
With volatility across asset classes continuing, FxPro has become one of the first brokerages to fully restore margin requirements to the levels in the run up to Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term. The massive moves in European indices that were observed around the market open have prompted FxPro to increase its margin requirements on indices around the time when European markets opened.
"As a result from the outcome of the referendum we expect volatility to continue over the next weeks however not at the levels we have seen last Thursday and Friday," FxPro has outlined in its letter to clients.
The brokerage has stated that it will continue to monitor the situation and should the market conditions require, will adjust its margin requirements in a timely basis.
Other brokerages are likely to follow suit, while some are continuing to be vigilant. OANDA has issued a note to clients highlighting that it is maintaining the caps on EUR pairs at 50:1 or 2 per cent. Looking at GBP pairs where volatility has continued unabated, margin requirements have been capped at 20:1.