Hantec Markets cuts FX trading leverage further to 10:1 post Brexit


The 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.

Hantec had earlier limited margin to 25:1  (pre vote), and will now limit leverage further to 10:1 on all spot FX, spot CFD, spot Oil an spot Bullion positions.

The note sent out by Hantec Markets to its clients reads as follows:

[divide]

Hantec Markets additional margin Brexit
Dear Valued Client,
As a result of the EU Referendum in the UK, where the majority of the voters opted for leaving the European Union, volatility and turbulence in the financial markets substantially increased. Various negotiations, news and announcements over the upcoming weekend may have a significant impact on the market open at the beginning of next week.With this in mind, and with the aim of protecting our clients, please be advised that leverage for all accounts will be restricted to 10:1 for Spot FX, Spot CFDs, Spot Oil and Spot Bullion commencing at 3.00 PM BST today 24 June 2016.

Instruments with fixed margins will also change as follows:

CFD SYMBOL Name Current margin ($) Post Brexit margin ($)
DAX Ger30 Pro 10,000 20,000
FTSE UK100 Pro 10,000 20,000
NQ Nas100 Pro 2,500 5,000
ES SPX500 Pro 3,000 6,000
DM DJ30 Pro 3,000 6,000
GC Gold 4,500 9,000
SI Silver 4,500 9,000
HG Copper 1,500 3,000
CL US-Oil Pro 1,500 3,000
NG NGAS Pro 1,500 3,000
BB Brent Crude Oil 1,500 3,000
SB Sugar 210 420
KC Coffee 700 1,400
CT Cotton 500 1,000
CC Cocoa 220 440
C# Corn 675 1,350
W# Wheat 810 1,620
S# Soya 930 1,860
AD AUD 1,180 2,360
BP GBP 4,000 8,000
CD CAD 1,210 2,420
EC EUR 4,000 8,000
JY JPY 4,000 8,000
NZ NZD 1,180 2,360
SF CHF 4,000 8,000
DX US Dollar Index 3,000 6,000

If you need to fund your account, please click here for all available funding methods.

Please review your account accordingly, to ensure that you have sufficient available margin to support your open positions. If you have any questions, please do not hesitate to contact our support team.

Kind regards,

Hantec Markets

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Hantec Markets cuts FX trading leverage further to 10:1 post Brexit

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