ASIC regulated retail forex broker Vantage FX has announced that it will keep in place the higher margin requirements it put place in several steps leading up to last week’s UK Brexit referendum.
However Vantage FX did remove the Close-Only trading status it assigned to several GBP and EUR currency pairs soon before the vote last week.
The margin levels, which will remain in place at Vantage FX until further notice, are as follows:
The full statement sent out by Vantage FX to clients reads as follows:
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Brexit Referendum – Margin Update
Sydney – June 27, 2016.
The robust risk management measures taken in the lead up to the Brexit referendum has seen Vantage FX, and most importantly our clients, safely through the biggest financial market shock since the infamous Black Monday of 1987.
Vantage FX has once again made all Forex and Indices markets on our MT4 platform fully tradable, but due to the uncertain nature of the referendum outcome, the elevated margin requirements remain in place as we await further liquidity to return to the market.
Please ensure that your trading account is adequately funded and that you monitor your exposure carefully through this period.
We are here to assist you 24 hours a day, 5 days a week, if you have any questions or require assistance with the above please do not hesitate to contact us using the details listed below.
If you have any queries, feel free to contact your Account Manager or our Support Team at support@vantagefx.com.
We are here to assist you 24 hours a day, 5 days a week, if you have any questions or require assistance with the above please do not hesitate to contact us using the details listed below.
For more information
Contact: David Bily
Phone: +61 1300 945 517
Email: [email protected]