UFX joins the growing list of brokers that have introduced changes to their trading terms; DMM FX and XM also issue updates.
With just 24 hours to go before the British public head off to the polls to vote on whether or not to leave the European Union, the referendum which is regarded as the biggest currency event of 2016 looks set to cause extremely volatile trading conditions in GBP and EUR currency pairs regardless of the outcome. This has led many brokers to amend their trading conditions to reflect this Volatility.
UFX has joined the fast-expanding number of brokers who have introduced amendments to their trading conditions. The company has announced temporary changes to its trading terms as follows:
From Wednesday 22 June until Monday 27 June all the GBP pairs will be set for Leverage 1:50 whereas gold will set for leverage 1:100. All UFX clients have been informed of the amendments.
Clients have been officially informed of the situation by email.
DMM FX
DMM FX has also issued an update advising that in order to further protect its clientsβ positions, trading will be suspended from 07:10 (server time) for the following FX pairs:
Clients who currently hold positions in these products will be able to close out but no new positions will be accepted.
Trading in the above products is expected to return to normal from 08:00 (server time) on Monday, 27 June 2016, however DMM FX may shorten or extend this special trading period and impose on any other products at its discretion without any prior notice.
XM
In order to protect its clients and the company from the anticipated market turbulence, XM will implement the following measures.
From 01:00 server time (GMT+3) on Thursday, 23 June 2016, the margin required for both new and existing positions will be temporarily increased for all instruments to 4% (25:1 leverage) for all currency pairs, gold and silver and 10% (10:1 leverage) for all CFDs on equity indices and commodities.
Shortly after the announcement of the results, expected on 24 June, the margin required for both new and existing positions will be reduced for all currency pairs, gold and silver to 1% (100:1 leverage).
This temporary measure will be completely waived prior to the market opening of Monday, 27 June 2016, and the margin requirement on all instruments will be automatically readjusted in accordance with the previous leverage settings of each clientβs accounts and instruments.
In all cases, clients are advised to consult their brokers websites for a full breakdown and explanation of amendments to their trading terms.
Finance Magnates has reported on an increasing number of brokerages making related changes which can be seen in the list below.
With just 24 hours to go before the British public head off to the polls to vote on whether or not to leave the European Union, the referendum which is regarded as the biggest currency event of 2016 looks set to cause extremely volatile trading conditions in GBP and EUR currency pairs regardless of the outcome. This has led many brokers to amend their trading conditions to reflect this Volatility.
UFX has joined the fast-expanding number of brokers who have introduced amendments to their trading conditions. The company has announced temporary changes to its trading terms as follows:
From Wednesday 22 June until Monday 27 June all the GBP pairs will be set for Leverage 1:50 whereas gold will set for leverage 1:100. All UFX clients have been informed of the amendments.
Clients have been officially informed of the situation by email.
DMM FX
DMM FX has also issued an update advising that in order to further protect its clientsβ positions, trading will be suspended from 07:10 (server time) for the following FX pairs:
Clients who currently hold positions in these products will be able to close out but no new positions will be accepted.
Trading in the above products is expected to return to normal from 08:00 (server time) on Monday, 27 June 2016, however DMM FX may shorten or extend this special trading period and impose on any other products at its discretion without any prior notice.
XM
In order to protect its clients and the company from the anticipated market turbulence, XM will implement the following measures.
From 01:00 server time (GMT+3) on Thursday, 23 June 2016, the margin required for both new and existing positions will be temporarily increased for all instruments to 4% (25:1 leverage) for all currency pairs, gold and silver and 10% (10:1 leverage) for all CFDs on equity indices and commodities.
Shortly after the announcement of the results, expected on 24 June, the margin required for both new and existing positions will be reduced for all currency pairs, gold and silver to 1% (100:1 leverage).
This temporary measure will be completely waived prior to the market opening of Monday, 27 June 2016, and the margin requirement on all instruments will be automatically readjusted in accordance with the previous leverage settings of each clientβs accounts and instruments.
In all cases, clients are advised to consult their brokers websites for a full breakdown and explanation of amendments to their trading terms.
Finance Magnates has reported on an increasing number of brokerages making related changes which can be seen in the list below.
Hargreaves Lansdown Attracts 34,000 Net New Clients, Up 48%
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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π Subscribe to our YouTube channel for more!π
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
π£ Stay updated with the latest in finance and trading!
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