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:

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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 SYMBOLNameCurrent margin ($)Post Brexit margin ($)
DAXGer30 Pro10,00020,000
FTSEUK100 Pro10,00020,000
NQNas100 Pro2,5005,000
ESSPX500 Pro3,0006,000
DMDJ30 Pro3,0006,000
GCGold4,5009,000
SISilver4,5009,000
HGCopper1,5003,000
CLUS-Oil Pro1,5003,000
NGNGAS Pro1,5003,000
BBBrent Crude Oil1,5003,000
SBSugar210420
KCCoffee7001,400
CTCotton5001,000
CCCocoa220440
C#Corn6751,350
W#Wheat8101,620
S#Soya9301,860
ADAUD1,1802,360
BPGBP4,0008,000
CDCAD1,2102,420
ECEUR4,0008,000
JYJPY4,0008,000
NZNZD1,1802,360
SFCHF4,0008,000
DXUS Dollar Index3,0006,000

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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