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The forex brokers FXOptimax and OctaFX became the latest to announce they are reverting to normal trading conditions and margin requirements after the markets have recovered from the Brexit shock.
FXOptimax has hiked its margin requirements twofold on the forex pairs GBP/USD, EUR/GBP, and EUR/USD and has tripled those for GBP/JPY and EUR/JPY. As of July 4 all all margin requirements are back to normal.
The offshore forex broker OctaFX adjusted the margin requirements on the forex pairs containing GBP and EUR to 1% and 0.5%, respectively, starting from June 23. It has also warned it might further increase GBP pairs margin requirements to 2%.
Now the trading conditions of OctaFX on the GBP and EUR forex pairs are back to normal. The broker, however, notes that it reserves the right to change them again in case of a new increase in the market volatility.
OctaFX and FXOptimax are among the latest forex brokers to bring their trading conditions back to their usual. Among the first ones last week were AxiTrader, VantageFX, Dukascopy, FreshForex and Forex Club.
In spite the extreme market volatility following the surprising outcome of UK’s EU referendum, the majority of forex brokers came off unaffected. Others, like Plus500, Oanda, GTX, HotspotFX and the bitcoin exchange Coinbase reported record trading volumes and/or significant increases in the numbers of new client sign-ups.
