Many forex brokers have raised minimum margin requirements allowing less leverage in client trading leading up to the Brexit vote. So did Saxo Bank.
Now, few weeks later after Saxo Bank, as of 14:00 BST on 6 July 2016, reinstates default margin rates, given that market conditions have stabilised after the uncertainty posed by the UK’s referendum on EU membership. Here’s how the numbers look:
| Currency | Starting Margin Level as of 6-July-2016 @ 14:00 GMT | Revised Starting Margin Level around the UK referendum: |
| GBP | 2% | 7% |
| EUR | 1% | 3% |
| CHF | 2% | 3% |
| JPY | 1% | 3% |
| XAU | 2% | 4% |
| Indices | Margin Level as of 6-July-2016 @ 14:00 GMT | Revised Starting Margin Level around the UK referendum: |
| UK100 | 2% | 8% |
| UK250 | 5% | 8% |
| GER30, FRA40, NETH25, EU50 & SWISS20 | 3% | 5% |