ITS ABOUT THE CASH NOTHING ELSE.
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Saxo Bank doubles FX and Commodities margin requirements on US-North Korea tensions
Copenhagen based multi asset broker Saxo Bank has announced that it is raising margin requirements and reducing leverage on a variety of FX, CFD and Commodity products, as geopolitical tensions in the Asia Pacific region heat up in the wake of increased US-North Korea rhetoric. saxo bank logoMargin requirements on major FX pairs involving the USD, EUR and JPY will be raised from 1% to 2%. All index CFDs will have a 6% minimum margin requirement. All Korean stocks and ETFs will have a 40% margin requirements, as will Inverse VIX ETFs. The margin / leverage changes at Saxo Bank will become effective this Wednesday, ... (full story)
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