The social investment expert has just announced that traders can make use of their usual leverage on positions with all trading instruments.
Read MoreGreek debt may never be repaid as Germany agrees to five year temporary Grexit
A mortgage lender would not extend further credit to a customer with no income, negative equity and three months’ mortgage arrears, yet Greece has made no repayments to its successive bailouts whilst the EU looks at providing a further $89 billion. Germany looks at cutting the losses
Read MoreeToro limits leverage ahead of crucial Greek debt talks
The social investment network is imposing a cap of 1:100 on maximum leverage for trades with all instruments.
Read MoreAlexis Tsipras caves in to austerity to cling onto EU membership. Is this a slippery slope?
Alexis Tsipras is looking at desperate austerity measures to keep Greece in the EU. If Greece leaves, the ECB and IMF will never receive any repayments on the 394 billion euro debt owed by Greece, however if it stays, the Greek population will likely go against any austerity measures, and the Syriza party may look for further bailouts from Europe
Read MoreThinkForex axes leverage on EUR trades to 50x ahead of Greek bailout talks
Leverage on all positions with EUR and JPY pairs, as well as with GBP/USD and AUD/USD, will be capped at 50:1 starting from Friday.
Read MoreGreek uncertainty prompts Admiral Markets to change margin requirements
From Friday 18.00 (GMT), the margin required to maintain a position with any instrument will be raised two times.
Read MoreHantec Markets to double margin requirements this weekend due to Greece uncertainty
As of Friday 10th July, Hantec Markets will double its margin requirements as a result of market uncertainty created by the Greek situation
Read MoreGreece extends capital controls to Wednesday as Tsipras clings onto euro hopes
Banks will remain closed and capital controls in place in Greece until Wednesday this week as firebrand prime minister Alexis Tsipras attempts to retain the Euro. With debt to GDP ratios high in many other EU member states, the effect of an unpaid 345 trillion euro debt to the ECB looks likely to become his legacy
Read More“The euro is the loser from Greece” – Guest Editorial
“Creditors can either retain their demands for a deal that does not involve debt relief (which won’t be accepted) or cede to the will of the Greek people and renege on their ‘red line’ that has been in place since the start of current negotiations” – Simon Smith, Chief Economist, FxPro
Read MoreQ3: Saxo Bank warns of a false start to the Fed’s rate hike cycle
Saxo Bank’s prediction is that the outlook for the third quarter of this year hangs in the balance, depending on the degree of fallout and EU peripheral contagion should Greece vote ‘No’
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