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IG Group hikes margins on certain forex, CFDs prior to US elections
IG Group said on Wednesday it intends to increase margin rated for certain forex and contracts for difference (CFDs) instruments ahead of the expected volatility as we draw closer to the US presidential elections. The broker will introduce temporary margins on 28 October and again on 4 November, in the day of the elections. In the forex segment, as of 28 October pairs containing the Mexican peso (ZAR), South African rand (ZAR), Brazilian real (BRL) and South Korean won (KRW) will have a margin of 5% and crosses with the Turkish lira (TRY) will be available with a margin rate of 3%. Meanwhile, on 4 November (3pm UK ... (full story)