de | cn | ru

Brokers News

FxPro hikes margins on European spot indices ahead of Italian referendum

As the referendum in Italy is approaching, another leading EU broker, FxPro, announced temporary changes in its trading conditions. As the vote may affect the country’s future in the Eurozone and market volatility is expected to increase significantly, the broker will increase margin requirements for select European Spot Indices to 1%.


To be more specific, the new 1% margin requirement will apply to the following instruments:

- Germany 30 (DAX) Spot Index
- Swiss 20 Spot Index
- UK 100 Spot Index
- Euro 50 Spot Index
- Finland 25 (Helsinki 25) Spot Index
- France 40 Spot Index
- Holland 25 Spot Index
- Spain 35 Spot Index
- Sweden 30 (OMXS 30) Spot Index
- Belgium 20 Spot Index
- France 120 Spot Index
- Germany 50 (MDAX) Mid Cap Spot Index
- GerTech 30 (TecDAX) Index
- Nordic 40 (OMX 40) Spot Index
- Norway 25 (OBX 25) Spot Index
- Poland 20 Spot Index
- Portugal 20 Spot Index
- UK Mid 250 Spot Index


The change in margin requirements will come into effect on Friday, December 2, 2016, at 10:00a.m. UK Time (GMT+0) on all FxPro platforms and will affect new positions only.


Obviously, the broker decided that the dynamic forex leverage model (from 1:33 to 1:500) it utilizes is not sufficiently reliable to protect traders from the higher market volatility expected in the days preceding the Italian Constitutional Referendum. It will take place on Sunday, December 4, 2016, and it looks like it’s the next vote to shake Europe after UK’s Brexit vote and the election of Trump in the US.


Previous week other two London-based brokerages, IG Group and AcivTrades, announced they are temporarily increasing margin requirements on select instruments.


FxPro is a leading online brokerage, regulated by Cyprus’ Securities and Exchange Commission (CySEC) and UK’s Financial Conduct Authority (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 with futures, indices, metals, shares, and CFDs.

 

TAGS: fxpro  italy  italian referendum  indices 

More news about FxPro

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC 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 CySEC MT4, Web $25 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website

More Forex Brokers News

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

FOREX.com announced important updates to its Web Trading platform

Jan 25 2019 15:13:43

  Major forex brokerage  Forex.com  proudly announced important updates of its in-house Web Trading platform, which will take your trading experience to the next level.   Accessible from all browsers and operating systems, Web Trading was launched in 2017. Read more

HotForex parent gets licensed by UK’s FCA

Jan 21 2019 12:31:59

  Less than a month after HotForex acquired license to operate in the UAE, the trading services provider gets an authorization by the Financial Conduct Authority of the UK. The UK subsidiary of the HF Markets Group, HF Markets (UK) Ltd. Read more

Rakuten Securities offers HK$700 prepaid cards as a welcome gift

Jan 18 2019 10:26:57

  Hong Kong forex broker Rakuten Securities offers up to HK$700 Spending Limit Prepaid Card as a welcome gift to new account registrants. Here are all the details you need to know about the company’s promotional offer, which is valid from now until the end of March 2019. Read more

XM applies for a forex dealer license in the US

Jan 11 2019 13:39:14

  The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the broker’s US entity Trading.com Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019. Read more

HotForex acquired DFSA license, commences operations in the UAE

Jan 08 2019 10:45:37

  HotForex is now licensed by the Dubai Financial Services Authority (DFSA) and announced it commences operations in the United Arab Emirates (UAE). The Dubai arm of the HF Markets Group, HF Markets (DIFC) Ltd., acquired the DFSA license in December last year. Read more

CySEC warns Efexa1000 is not licensed

Oct 22 2018 12:55:06

  The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that Efexa1000 is not authorized to provide investment services in the country. Read more

IG Group gets licensed in the USA

Oct 16 2018 13:48:15

  Major forex broker IG Group (IG) got a green light from the National Futures Association (NFA) to operate on the US retail forex market. The US arm of IG Group, IG US LLC, has just been approved as a NFA member and is officially registered as a Retail Foreign Exchange Dealer (RFED). Read more

ASIC adds HBC broker to its warning list

Oct 09 2018 11:14:03

  The Australian Securities and Investment Commission (ASIC) has updated its list of “businesses to be wary of” with HBC Broker – an unregulated company that is trying to confound its potential clients by giving out some correct details of leading forex and CFD ... Read more

FBS wins ‘Best Copy Trading Application Global-2018’ award

Oct 05 2018 16:22:13

The prestigious “Best Copy Trade Application 2018 Global” award went to FSB  for their innovative CopyTrade platform. Read more

de | cn | ru