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FxPro also hikes margin requirements ahead of German elections

 Major European forex broker FxPro  became the third major forex broker to announce it is temporarily increasing its margin requirements ahead of the German general elections on September 24.


According to FxPro, the elections may cause significant volatility in the financial markets, with wider spreads expected across several instruments. For this reason, the broker will temporarily increase the margin requirements on all European spot indices to 2%, starting from Friday, September 22, 2017, at 15:00 (GMT+3) and will affect both new and existing positions.


Additionally, FxPro reserves the right to allow fixed spreads to float to reflect underlying market conditions and make additional changes to its trading conditions if necessary, prior to and after the elections. In cases of extreme volatility and lack of liquidity, the broker may also refuse the opening of new positions, enabling ‘Close Only’ functionality.


Despite the pretty much clear outcome of the German elections with Angela Merkel most likely winning again and no market turmoil, other major brokers – Forex.com and XM – have also announced temporary changes to their margin requirements.


FxPro is regulated jointly by Cyprus’ Securities and Exchange Commission (CySEC) and UK’s FCA. The broker operates as a Hybrid Agency Model broker, offering Negative Balance Protection and enabling clients to access top-tier liquidity. It offers complete services for all retail forex market segments, as well as trading in futures, indices, metals, shares, and CFDs on a selection of trading platforms, including MetaTrader 4 and 5 and cTrader.



TAGS: fx pro  germany  elections  margin requirements 

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