LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Tier1FX, a Malta Financial Services Authority regulated forex brokerage announced this week in order to prepare for the expected increase in volatility surrounding the June 23rd “Brexit” referendum in the UK, as well as to offer better protection of client’s assets, Tier1FX will temporarily adjust the margin requirement for the all GBP FX pairs, as well as for “UK 100” CFD product.
Tier1FX encourages all clients and partners to closely monitor margin and exposure on these instruments, in order to avoid liquidation and excessive losses.
The changes shall be implemented as follows:
- Effective on market open June 6th (5 PM NY time on June 5),
Margin requirement for UK 100 and all GBP FX pairs will be decreased to 2% (leverage of 50:1);
- Effective on market open June 20th (5 PM NY time on June 19),
Margin requirement for UK 100 and all GBP FX pairs will be decreased to 4% (leverage of 25:1) until further notice.