June 22, AtoZForex – The moment is nearing, as tomorrow is the biggest anticipated event in the Eurozone - Brexit referendum on the 23rd of June. What measures have most of the Forex brokers taken, in order to prepare for the unpredictable shifts in the market? After AtoZForex's inquiry, it is clear that many of the Forex brokers have prepared with the so-called Brexit risk management activities. However, pay attention that some of the brokerage firms will not adjust their policies ahead of the big event.
AtoZForex team reached out to more than 100 brokers all over the world to get some information about the upcoming event preparation. As many Forex brokers have decided to leave change their policies, some of the brokers decided on leaving the leverages and margins at the same level. Check below what Xtrade and Exness provided as their reply to our inquiry.
Xtrade - No Brexit leverage change
As reported by Efi Ben-Zeev, Xtrade is not going to change any limits, margins, spreads or leverages. In the official message to AtoZForex team the representative of the company stated:
''As per the regulator demands we are not manipulating any spreads, leverages or limits.''
Exness - No Brexit leverage change
Marketing Manager at AtoZForex approved Forex broker Exness, Evgeniya Isakova provided details on the Brexit preparation activities of the company. The broker decided not to change the current margin requirements and leverage rules ahead of EU referendum. They want to keep their trading conditions competitive during Brexit event.
Dear clients and partners,We would like to inform you that there will be no change to the current margin requirements and leverage rules for all instruments, including GBP instruments, in the lead up to the EU referendum on June 23.However, as the British pound is expected to see increased volatility during this period, we advise all clients to practise conservative trading strategies.All margin requirements and leverage rules are available on our website.Should you have further queries, please contact our client support at [email protected]
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