Retail brokers tighten margins ahead of EU referendum

Higher margins reflect underlying uncertainty in options markets and increased volatility

Retail foreign exchange brokers are increasing the margin rates required from clients in the run-up to the EU referendum that will be held in the UK on June 23 in a bid to reduce the possibility customers accumulating overleveraged positions and potentially ruinous losses. Several retail brokers, including Saxo Bank, FXCM and IG Group, have already tightened the margins rates on sterling currency…

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Foreign exchange – FX Week

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