Saxo Bank returns margin and trading leverage conditions to pre-Brexit levels


Many forex brokers have raised minimum margin requirements allowing less leverage in client trading leading up to the Brexit vote. So did Saxo Bank.

Now, few weeks later after Saxo Bank, as of 14:00 BST on 6 July 2016, reinstates default margin rates, given that market conditions have stabilised after the uncertainty posed by the UK’s referendum on EU membership. Here’s how the numbers look:

Currency Starting Margin Level as of 6-July-2016 @ 14:00 GMT Revised Starting Margin Level around the UK referendum:
GBP 2% 7%
EUR 1% 3%
CHF 2% 3%
JPY 1% 3%
XAU 2% 4%
 
Indices Margin Level as of 6-July-2016 @ 14:00 GMT Revised Starting Margin Level around the UK referendum:
UK100 2% 8%
UK250 5% 8%
GER30, FRA40, NETH25, EU50 & SWISS20 3% 5%

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Saxo Bank returns margin and trading leverage conditions to pre-Brexit levels

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