Retail forex broker FxPro has issued a note to clients in the aftermath of today's post-Brexit market volatility, that it has disabled Close Only trading status on Spot/Future Indices, Shares CFD trading, and on all RUB pairs. While FxPro had left leverage levels on most instruments at near-normal levels leading up to yesterday's Brexit vote, it…
Read moreRetail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has issued a statement at the opening of US equity markets trading at 2:30pm BST, indicating that it has not been adversely affected as a result of today's market volatility following the UK's decision to leave the EU. The Gain Capital statement reads as follows: GAIN Capital Statement…
Read moreMirroring the Brexit vote itself, it seems as though two camps are emerging among Retail Forex brokers and their approach to handling the increased volatility around this Thursday's Brexit referendum in the UK. The majority of brokers have indeed decided to cut leverage from normal levels, requiring more margin from clients on both new and…
Read moreFCA and CySEC regulated online trading broker Capital Index has informed its clients of a two-stage hike in margin requirements ahead of next Thursday's Brexit referendum. At 14:00 BST on Friday June 17 the margin rates on European indices and all GBP and EUR currency pairs will be changing to the rates shown in the…
Read moreThe long awaited Brexit volatility is finally here. Financial markets are clearly getting nervous with the latest polls showing gaining momentum and possibly even a narrow lead for the pro Brexit camp. It is now just 10 days before UK residents go to the polls for what seems will ultimately be a too-close-to-call referendum on…
Read moreConsidering the fairly down figures we've witnessed so far for both retail and institutional FX platforms in May, Copenhagen-based Saxo Bank's figure of $255 billion for the month seems fairly strong. On an ADV basis, volumes were down 3.2% from $12.4 billion per day in April at Saxo Bank to $11.6 billion in May. The…
Read moreLeapRate Exclusive... Further to our exclusive coverage of Saxo Bank's plans to curtail leverage provided to clients in FX trading leading up to the June 23 Brexit vote in the UK, LeapRate has learned some more specifics of the leverage restrictions and new margin requirements at Saxo. The leverage restrictions and increased margin requirements are…
Read moreLeapRate has learned that leading retail forex broker Saxo Bank has sent an email out to clients, asking its clients to prepare for what Saxo Bank calls 'a high probability of margin requirement increases, as well as restricted availability of certain trade and order types' leading up to next month's Brexit vote in the UK. Saxo…
Read moreLeapRate has learned that leading retail forex broker Saxo Bank has sent an email out to clients, asking its clients to prepare for what Saxo Bank calls 'a high probability of margin requirement increases, as well as restricted availability of certain trade and order types' leading up to next month's Brexit vote in the UK. Saxo…
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