Following up on changes on some margin requirements across its offering which FxPro has imposed on its clients, the forex 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. 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.
ACY Securities Supports ASIC’s Product Intervention OrderGo to article >>
“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.