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  • Currency brokers tighten trading rules on Greek fears

    From reuters.com

    Online currency trading platforms braced on Sunday for extreme market moves due to events around Greece, imposing higher margins on much trading of the euro and in some cases preventing traders taking up new speculative positions. Retail platforms FXPro, Mayzus, Alpari and U.S.-based FXCM were among those tweaking the terms of trade in a market that in theory trades all day every day but should only see volumes rise when Asian investors and traders return to their desks on Sunday evening. "Depending on the severity of market conditions come Sunday night/Monday morning, we reserve the right to limit EUR trading to ... (full story)

GONNA see EURUSD 0.9910 this week ? hmmm? an ideas?
Let me fill my acount wallet then will take Ur advice
Oanda sent out some changes in their contract last week. It was so dense with legalese that you'd need a Philadelphia lawyer to understand it. I'm still wrestling with it.
oanda is a market maker...hence changes the rules to suit ITS needs

tru forex brokers dont....because they make money off spread or commission...they dont care otherwise...they are impartial

market makers are not true forex brokers
Quoting cjgovi
oanda is a market maker...hence changes the rules to suit ITS needs

tru forex brokers dont....because they make money off spread or commission...they dont care otherwise...they are impartial

market makers are not true forex brokers
no
they have all to change leverage to minimum. otherwise losses will swallow all reckless brokers!
since there is a leverage, there shoud be cautious actions!
mine hasnt
Alpari RUS raised leverage
  •  Guest
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any outcome of greek drama has already been priced iN for eur/usd 1.1500 for a deal, and 1.0800 for grexit. Then volatility will be fairly normal
FXCM also change margin requirements LAST week.
Quoting FxAlTareeq
FXCM also change margin requirements LAST week.
yep to suit there own pockets after there last fiasco
KEEP THIS THREAD CLEAN
Quoting Guest
any outcome of greek drama has already been priced iN for eur/usd 1.1500 for a deal, and 1.0800 for grexit. Then volatility will be fairly normal
Where did these figures come from?
Quoting rafat habeb
GONNA see EURUSD 0.9910 this week ? hmmm? an ideas?
HIGHLY IMPOSSIBLE
Losers Hope, Winners Believe
Quoting FxAlTareeq
FXCM also change margin requirements LAST week.
Hi FxAlTareeq,

Just to clarify, the new margin requirements for FXCM that went in effect this past weekend are not a reduction in leverage. They are simply accounting for the changes in exchange rates between the base currency of the pair you are trading and the currency in which your account is denominated.

For example, if you're trading EUR/USD in a USD-denominated trading account, then your margin requirement per 1k micro lot has gone from $12 up to $13 on an FXCM UK account. By contrast, the margin requirement on a micro lot of NZD/USD has gone from $9 down to $8. That's because the Euro has gone up in value relative to the US dollar, while the New Zealand dollar has gone down.
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  • Story Stats
  • Posted: Jun 28, 2015 4:39pm
  • Submitted by:
     Newsstand
    Category: Forex Industry News
    Comments: 13  /  Views: 5,565