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Screenshot of a breaking news alert e-mail from Q2 2017
Retail Forex broker FxPro today announces pending changes to the margin requirements for positions with currency pairs with the South African Rand (ZAR).
The company said it will be increasing the margin requirements for all ZAR pairs to 1%. The new requirement will be effective January 18, 2016 (Monday) at 00:00 (server time).
FxPro explains that the changes are due to heightened volatility across ZAR pairs over the recent weeks.
The clients of FxPro have access to USD/ZAR, EUR/ZAR and GBP/ZAR pairs, with these trading instruments available on MT4, MT5 and cTrader platforms.
You can view the announcement from FxPro by clicking here.