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Screenshot of a breaking news alert e-mail from Q2 2017
Further to our coverage of brokers in the retail forex sector requiring their clients to either ante up more margin or reduce leverage in their accounts ahead of next week’s Brexit vote in the UK, Saxo Bank has posted specifics of new margin requirements for clients through to June 23 – and possibly beyond, depending on how markets react post-referendum.
We also discussed the whole issue recently with Saxo Bank Head of Markets Claus Nielsen.
Saxo Bank’s new margin requirements, effective as of 10:00 CET today, are as follows: