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Screenshot of a breaking news alert e-mail from Q2 2017
The complex Greek debt negotiations and the important events related to the country’s economic future that are set to take place on Sunday, July 12th, keep pushing more Forex companies to adjust trading conditions in tune with expected market volatility.
Retail Forex broker Admiral Markets has just added its voice to the growing chorus of companies slashing leverage ahead of the crucial developments concerning Greece.
The company is raising the margin requirement for positions with ALL instruments twice. This means that if a trader has a position with a current margin requirement of 2%, the new requirement will be 4%.
The margin changes are poised to come into effect on Friday, July 10, 2015 at 18.00 (GMT). The margin policy will be reviewed again on Sunday, July 12, 2015, at 22.15 (GMT).
The company warns that in case the liquidity dries up, market spreads may widen beyond normal. Slippage can also occur.
To view the official announcement by Admiral Markets, click here.