CySEC regulated retail forex broker CFI Markets has issued a note to clients, indicating that it plans to maintaining margin requirements through the weekend post Brexit vote.
The company also warned traders that it expects spreads to be wider than normal, given the extreme volatility and uncertainty in the markets.
The note sent by CFI Markets to clients reads as follows:
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Dear Valued Client,
As you may have learned, the UK’s vote was in favor of exiting the EU causing important fluctuations in the global markets.
As the world digests this important news, different markets continue to fluctuate significantly and different risks such as higher volatility and spreads as communicated in earlier newsletters continue to be elevated.
Accordingly, we would like to hereby inform you that CFI Markets will keep margins as is currently at least until Monday and we shall keep you updated of any changes. Additionally, and although we will try to keep spreads as low as possible, these risk to be higher than in ordinary times.
Thanking you in advance.
Best Regards,
CFI Markets Team