de | cn | ru
Forex

Brokers News

FxPro hikes margins for European spot indices on UK election day

The General Election on June 08, 2017 could be a game-changing event for the UK, and global brokerage FxPro is the next to announce temporary changes to trading conditions. As the election is expected to cause significant volatility in the financial markets, FxPro hikes the margin requirements for European Spot Indices to 2%.

 

This change will come into effect on Thursday, June 08, 2017, at 10:00a.m. UK Time (GMT+1) and will affect both new and existing positions on both MetaTrader 4 and MetaTrader 5.

 

Additionally, the broker warns its clients that wider spreads are expected and that In case of extreme volatility and illiquidity, it reserves the right to refuse the opening of new positions, enabling ‘Close Only’ functionality. Besides, FxPro reserves the right to allow fixed spreads to float to reflect underlying market conditions and to make additional changes its trading conditions, where it deems necessary. Of course, traders will be informed of any such further amendments via email.

 

Major European forex brokers IG, XM, Plus500, ActivTrades, and Admiral Markets have already announced they are lowering the leverage levels on certain or all financial instruments during the elections period in order to protect their clients from the expected high market volatility.

 

We remind you that  FxPro hiked the margins for select European Spot Indices to 1% ahead of Italian referendum.

 

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.

TAGS: FxPro  UK General Election  margin requirements 

More news about FxPro

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website

More Forex Brokers News

IC Markets follows the market trend, launches Bitcoin trading

Aug 18 2017 13:37:30

A number of brokerages lately jump on the cryptocurrency bandwagon, as digital coins enjoy an increasing popularity, with Bitcoin hitting all-time highs. ASIC-regulated IC Markets is the latest forex broker that announced the launch of Bitcoin trading on Friday. Read more

Z.com Trade adds over 40 tradable products, ECN account types, and more

Aug 18 2017 07:31:27

Z.com Trade, the FCA-regulated arm of Japan’s largest forex broker GMO Click, announced on Thursday it has significantly upgraded its products and services. Read more

Zero spread FX trading by UK broker Trading 212

Aug 17 2017 12:30:42

Shortly after launching commission-free stock trading, Trading 212 announced yet another irresistible offer to investors: Zero spread forex trading. This makes it the first broker in the industry to offer forex majors with Zero spread and no commission fees. Read more

Forex

Dukascopy brand name abused by clone website

Aug 17 2017 08:27:18

Clone website dukascopi.com pretends to offer Forex and CFD trading from Switzerland, using the same address as Swiss online bank and forex broker Dukascopy. Actually, the clone website is operated by an offshore company, registered on the St. Vincent and the Grenadines (SVG). Read more

GAIN Capital raising up to $92m in convertible note offering

Aug 17 2017 07:28:48

The parent of the Forex.com brand, Gain Capital (NYSE:GCAP), announced on Wednesday it plans to offer up to $92 million in convertible senior notes to “repay outstanding indebtedness” and for possible strategic acquisitions and buybacks. Read more

Grand Capital now allows deposits in IRR, MYR and MMK, opens office in Senegal

Aug 16 2017 07:07:01

In order to make its services more accessible, forex and binary options broker Grand Capital added several base currencies in which its clients can make deposits: IRR, MYR and MMK. Besides, the brokerage announced it opened a new office in Dakar, the capital of Senegal. Read more

FXCM closes FastMatch sale, gets $46.7 million to pay Leucadia

Aug 15 2017 07:41:09

 FXCM Group, the two remaining forex, CFD and spread betting units of Global Brokerage, announced it has finalized the sale of its stake in FastMatch to Euronext. The deal received all necessary regulatory and anti-trust approvals.   According to the announcement, FXCM got $46. Read more

Saxo Bank hikes margin requirements from August 16 over fears of war with North Korea

Aug 14 2017 10:28:40

 Saxo Bank, a major Danish financial services provider, said it is raising the margin requirements for forex and CFDs, starting from August 16, at 0800 GMT. Read more

Dukascopy launches live trading on JForex Web 3 platform

Aug 14 2017 09:32:47

Swiss forex brokerage Dukascopy Bank announced it has launched live trading on its new JForex Web 3 platform. It is replacing the old web trading platform of the broker. The platform was released in June, but was available for demo purposes only. Read more

FxPro launches new spread betting platform FxPro Edge in UK

Aug 11 2017 09:29:45

Major European forex broker FxPro  has announced the launch of its “revolutionary” spread betting platform FxPro Edge.   It is available for clients of FxPro UK that are residents of the United Kingdom, starting from August 11. Read more

Forex
de | cn | ru