Ahead of the US Presidential election, Finance Magnates compiled a list of brokerage firms that raised their margin requirements amid the uncertainty of the voting outcome which was expected to trigger major volatility in the financial markets.
After today’s election victory for Donald Trump was announced, a growing list of brokerages have issued updates relating to these margin requirements which are listed below:
With today’s announcement of the results Dukascopy Japan has announced thaton the assumption of continuing unstable market fluctuations, the leverage limit extension has been extended, mainly on the US dollar currency pair and the Mexican peso.
Leverage on the USD/MXN has been extended to 10 times (margin of 10%) whereas leverage of corporate account is extended to 30 times (about 3.33% margin rate).
Currency pairs affected include: EUR/DKK, USD/CNH, USD/DKK, USD/HKD, HKD/JPY, EUR/HKD, TRY/JPY, ZAR/JPY, CAD/HKD, USD/MXN is 10 times leverage ratio for the (margin of 10%).
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XM has informed its clients that in light of its recent notification regarding the US Presidential Elections, the margin requirements on all instruments have been automatically readjusted in accordance with the previous leverage settings of each of its clients’ trading accounts on financial instruments.
All temporary measures taken during the US Presidential Elections have now been completely waived.
Alpari has notified its clients that the special margin conditions introduced earlier have now ended and leverage for all account types is currently set in accordance with the margin requirements.
In anticipation of abnormal levels of market volatility during the US Presidential Election period, FXPro took the extra step of caution and modified several of its trading conditions, including the margin requirements on several trading instruments. The brokerage has informed its clients that margin requirements on all FX Majors, FX Minors and Exotics have now returned to their original levels.
The new margin requirements still apply for Precious Metals, Spot Indices and Shares.