FxPro sets maximum trading leverage at 50x ahead of Greece referendum

FxPro, the leading FCA and CySEC regulated broker has today sent out a notice to clients regarding the Greek debt crisis and upcoming referendum taking place on Sunday July 5th.

Due to the surrounding risk circumstances regarding the event,  FxPro is taking a prudential approach. As such, the broker’s dealing desk has decided to increase margin requirements to 2% (50:1 leverage) for trading the following instruments:

– Euro crosses

– G20 currency crosses

– Precious metals

To repeat, the available leverage for trading the above instruments will be limited to 1:50. These new margin requirements will only apply to new positions which are opened up that are placed between Friday, July 3, 2015, 12:00 to Monday, July 6, 2015, 02:00 (server time) unless otherwise advised.

To read the official blog regarding FxPro’s announcement, click here.

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