As a result of the uncertainty which surrounds the European single currency’s values and potential volatility in the currency markets as a result of the precarious position surrounding Greece, Hantec Markets, a retail FX and CFD brokerage which is regulated by Britain’s Financial Conduct Authority (FCA), has issued a notice to clients stating that it will double its margin requirements.
The company will effect its increase in margin requirements from 17.00 London time on Friday 10th July until further notice.
Below is the full notice to clients of Hantec Markets:
Dear Valued Client,
With Greece’s uncertain future continuing to dominate the headlines and potentially crucial meetings between the Eurozone leaders being held this weekend, market volatility remains elevated. We therefore urge all our clients to monitor their exposure closely and ensure accounts are adequately funded to support their positions.
Please be advised that we will be doubling our margin requirements on all products from 17:00 London Time on Friday 10th July and until further notice.
We strongly advise all our clients who believe this might result in their account(s) being stopped out to fund their accounts immediately. Please click here for all available funding methods.
Please do not hesitate to contact us if you have any questions on this.