Brokers News

FxPro hikes margin requirements ahead of Japanese elections

Oct 18 2017
By Jonathan Smith

FxPro, a well-established European forex and CFD broker, announced it is temporarily hiking the margin requirements on some instruments ahead of the Japanese general elections on October 22. The outcome of the vote may affect the financial markets and the available liquidity.

For this reason, starting from Friday, October 20, 2017, at 18:00 (GMT+3) FxPro is raising the margin requirements for all JPY forex pairs and the spot metals to 1% (leverage 1:100) and to 2% (1:50) for indices (spot and futures). The changes will affect both new and existing positions.

FxPro does not say when the trading conditions will be reverted back to normal, but notes that it reserves the right to refuse the opening of new positions, by enabling the “Close Only” functionality in case of extreme volatility and lack of liquidity. Furthermore, FxPro may allow fixed spreads to float to reflect the market conditions. The broker also may make other changes to the trading conditions in the days prior and immediately after the elections in Japan.

Such temporary changes to the trading conditions ahead of important elections in major global economies are a standard practice employed by forex brokers, both big and small. This is done mostly in order to protect their clients, but themselves as well, from higher risk of loss. Similar changes have been made prior to the US presidential elections and the Brexit vote last year, the French presidential vote and the general elections in Germany this year.

FxPro is a major forex and CFD NDD broker that offers an extensive portfolio of instruments on the MetaTrader 4 and 5 platforms, cTrader and its proprietary FxPro Markets. The broker has two major European licenses – from UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), as well as a license from South Africa’s Financial Services Board (FSB). Recently it also got a license from the Dubai Financial Services Authority (DFSA).

TAGS: fxpro margin requirements japan elections

More news about FxPro

FxPro UK turns a 1.48 mln profit in 2017 Jun 12 2018 13:27:04
FxPro becomes a sponsor of Formula 1 racing team McLaren May 25 2018 11:48:28
FxPro gets Dubai license, to open office there media Oct 11 2017 10:25:02
FxPro also hikes margin requirements ahead of German elections Sep 21 2017 07:17:54
FxPro abandons its SuperTrader social platform Aug 23 2017 07:57:01

Broker	Advantages
	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
	Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
	Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	UK, Bulgaria	FCA, FSC	Web	€29	Review Website
	Australia	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website

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