ASIC regulated retail forex broker Vantage FX has announced that it is now easing trading restrictions back to normal conditions across a range of Forex currency pairs and Indices markets.
Vantage FX took a very conservative approach to Brexit for it and its clients, raising margin requirements and also initiating Close-Only status for a number of GBP and EUR pairs.
Earlier this week Vantage FX removed the Close-Only status, but kept the elevated margins in place.
The full statement issued by Vantage FX today reads as follows:
Brexit Referendum – Margin Requirements Returning to Normal
Sydney – June 30, 2016
After deciding to increase margin requirements heading into the Brexit vote, Vantage FX will now begin easing restrictions across a range of Forex currency pairs and Indices markets.
Please refer to the table below for our latest margin requirements as of June 30th, 2016:
We hope to return to business as usual soon and we’ll keep clients informed via the website, email and social media as soon as we have any further updates.
As a reminder, client funds are held in segregated funds held by National Australia Bank (NAB) separate from Vantage FX company funds as required by ASIC regulations. If you have any queries, feel free to contact your Account Manager or our Support Team at firstname.lastname@example.org.
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.