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According to some client notes to white labels seen by Finance Magnates reporters, white label clients of FXCM have been informed about changes in margin conditions next week. Customers of the brokerages that are using FXCM’s turnkey solution for trading on foreign exchange and CFDs will have to adhere to some substantially higher margin requirements starting from the 16th of June.
The hikes are affecting a number of currency pairs beyond the British pound. Since the possibility of an exit of the United Kingdom from the European Union is likely to affect the integrity of the institution itself, the hikes are ... (read more)