Tier1FX informs that following Brexit vote the 4% marging requirement remains
Tier1FX has issued an announcement to inform that:
As Britain voted in favour of leaving the European Union, markets experienced an anticipated high volatility, with the British Pound reaching a 31-years low.
Tier1FX confirms that our strict risk controls, advanced technology and preventive measures, taken well in advance, ensured that both clients’ and company’s assets are well protected and prepared to successfully meet any market challenges resulting from this event of undoubted historical significance.
We would also like to confirm that effective now, European CFDs are open for trading, with margin requirements still remaining at 4% (1:25 leverage).
As a pure DMA/STP broker, Tier1FX will also keep the margin requirements for all EUR and GBP based currency pairs to 4% (1:25 leverage) until further notice.
This measure is being taken in anticipation of market’s reaction to the unfolding events following Brexit.
Source: Tier1FX
