Further to our previous communications regarding the Greek debt crisis and upcoming referendum on Sunday July 5, we would like to advise you of the following:
Following a prudential approach, we have decided to increase margin requirements to 2% for trading the following instruments:
– Euro crosses
– G20 currency crosses
– Precious metals
In other words, the available leverage for trading the above instruments will be limited to 1:50. These new margin requirements will only apply to new positions that are placed between Friday, July 3, 2015, 12:00 to Monday, July 6, 2015, 02:00 (server time) unless otherwise advised.
We will update you when normal trading conditions are due to resume.
*Update: Increased margin requirements do not apply to the following pairs: CHFPLN, CHFSGD, NOKSEK, NZDCHF, NZDSGD