Trading 212 joins in, temporarily hikes margins on GBP, EUR pairs, major European indices

Trading 212 joins in, temporarily hikes margins on GBP, EUR pairs, major European indices

- in All News, Forex Brokers
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Trading 212, an EU-regulated forex broker announced it is hiking the minimum margin requirements on GBP and EUR forex pairs and the major European indices in connection to the upcoming EU referendum in the UK on June 23.

It is one of the many global forex brokers to take measures and try and prevent the risk of increased market volatility, caused by the eventual Brexit.

As of June 20, 13.00 GMT, the margin requirement is increased to 2% on the following instruments:

– Currency pairs with GBP: GBP/USD, GBP/CHF, GBP/AUD, GBP/CAD, GBP/JPY, GBP/NZD, EUR/GBP, GBP/BGN, GBP/CZK, GBP/DKK, GBP/HUF, GBP/ILS, GBP/MXN, GBP/NOK, GBP/PLN, GBP/RON, GBP/SEK, GBP/SGD,GBP/TRY, GBP/ZAR.

– Currency pairs with EUR: EUR/AUD,EUR/CAD, EUR/CHF, EUR/CZK, EUR/HUF, EUR/ILS, EUR/JPY, EUR/MXN, EUR/NOK, EUR/NZD, EUR/PLN, EUR/RON, EUR/SEK, EUR/SGD, EUR/TRY, EUR/USD, EUR/ZAR.

– Indices: UK100, German30, French40, Spanish35, Eurostox50, Italian40, Dutch25.

The measure is temporary and expires on June 27, 13.00 GMT. In the meantime, Trading 212 advises its clients to make sure they have sufficient funds to keep their positions on those instruments open.

Trading 212 is owned by the Bulgarian-based company Avus Capital. It is regulated by UK’s Financial Conduct Authority, the Cyprus Securities and Exchange Commission and Bulgaria’s Financial Supervision Commission. It provides trading of forex and contracts for difference (CFDs) on forex, gold, oil and stocks on its popular proprietary platform Trading 212 in more than 65 countries, including Germany, Russia, and China.

Recently Trading 212 launched its own crowdsourced news platform Tradebird and the ProQuant charting tool for retail traders.

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