Forex.com to Raise Certain Margin Requirements Ahead of Brexit Vote

[kreslik.news]

Ahead of the EU Referendum vote next week in the UK, one of the latest brokers set to hike margin rates is Forex.com, as the company announced that after the market closes this Friday on June 17th it will put in place temporary changes to its margin rate requirements to help clients’ reduce risk – as volatility is expected around time of the June 23rd event.

Minimum margin rates for all UK Indices and GBP Crosses including EUR/GBP will increase six-fold from 0.5% to 3% after the close of trading this week, and will thus affect traders when markets open again next ... (read more)