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…
Read moreOnline trading firm IG Group Holdings plc (LON:IGG), the largest of the UK-based online financial spreadbetting firms, has issued a statement on its operations over the past day since news broke of the Leave side victory in the UK Brexit referendum. IG reported that it managed its operations and exposure very effectively through the night and into today,…
Read moreRetail forex broker FXCM Inc (NYSE:FXCM) issued a note today that it was business as usual during the post Brexit vote market volatility today, although it plans to keep margin requirements high until markets settle down. Assuming that's it for FXCM, the company got through today's price shocks in the currency markets in a much more…
Read moreRetail forex broker FxPro has issued a note to clients in the aftermath of today's post-Brexit market volatility, that it has disabled Close Only trading status on Spot/Future Indices, Shares CFD trading, and on all RUB pairs. While FxPro had left leverage levels on most instruments at near-normal levels leading up to yesterday's Brexit vote, it…
Read moreWhen asked once about why shares in his company were lagging, former Telegraph proprietor Conrad Black told analysts: The market is always right. A fairly honest admission by an embattled CEO, but also very correct. When people have to put real money to work, the invisible hand of the market usually prices things correctly. Usually.…
Read moreRetail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has issued a statement at the opening of US equity markets trading at 2:30pm BST, indicating that it has not been adversely affected as a result of today's market volatility following the UK's decision to leave the EU. The Gain Capital statement reads as follows: GAIN Capital Statement…
Read moreThe Brexit vote might now be behind us, but the uncertainty in the currency and financial markets is just beginning. Continuing a trend we have seen across the Forex Broker universe, FCA regulated Hantec Markets has announced that as of 15:00 London time Friday it will be further cutting leverage in all client trading accounts.…
Read moreGeneva based retail forex broker Dukascopy Bank has announced that it will be extending its leverage limits offered to currency traders, in the wake of yesterday's pro-Leave Brexit vote, and the volatility in financial markets which has ensued. Dukascopy has also put in place position limits for clients. The leverage and position limits will remain…
Read moreDenmark-based retail forex broker Saxo Bank has put out a statement about trading conditions in the current post-Brexit vote environment. LeapRate readers will recall that Saxo Bank was one of the first Forex brokers to limit trading leverage given to clients by raising margin requirements for most open and new trading positions, which seem to…
Read moreThe FCA's statement included phrases such as 'until the Government changes the applicable legislation'.
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