Brexit Pushes OANDA to Increase Margin Requirements on GBP and EUR Pairs
Posted: Sun Jun 05, 2016 1:13 pm
OANDA is going to increase margin requirements on all pairs that include the British pound (GBP) and the euro (EUR) starting from the 17th of June 2016. The company has been one the established major broker to update its trading conditions to reflect the possibility of substantial market turmoil running into the Brexit referendum.
The margin requirements are going to be increased to 5 per cent on the GBP pairs (1:20) and to 2 per cent on the EUR pairs (1:50). The company is responding to the increasing probability that we could see some major moves on the currency markets in ... (read more)