FxPro, the leading FCA and CySEC regulated broker has today sent out a notice to clients regarding the Greek debt crisis and upcoming referendum taking place on Sunday July 5th.
Due to the surrounding risk circumstances regarding the event,  FxPro is taking a prudential approach. As such, the broker’s dealing desk has decided to increase margin requirements to 2% (50:1 leverage) for trading the following instruments:
– Euro crosses
– G20 currency crosses
– Precious metals
To repeat, the available leverage for trading the above instruments will be limited to 1:50. These new margin requirements will only apply to new positions which are opened up that are placed between Friday, July 3, 2015, 12:00 to Monday, July 6, 2015, 02:00 (server time) unless otherwise advised.
To read the official blog regarding FxPro’s announcement, click here.