FXCM, IG, Saxo Bank Commit to Series of Margin Hikes Ahead of Brexit Vote
Posted: Sun Jun 05, 2016 2:04 pm
The upcoming Brexit decision has gripped currency markets, and with it has come a metastasizing fear of rampant volatility that brokers are preparing for. As such, brokers such as FXCM and Saxo Bank are taking preventative steps by hiking margin rates on key currency pairs ahead of the June 23 decision.
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The hoopla surrounding what could be a historic decision this month is the culmination of months of speculation. Indeed, a number of polls highlight the plausibility of a Brexit ... (read more)