OctaFX: changes in trading conditions for the June 23rd Brexit vote

[B][U]OctaFX: changes in trading conditions for the June 23rd Brexit vote[/U][/B]

The “Brexit” vote, taking place on the 23rd of June this year, on whether or not there should be a British exit from the EU, is an important day to be aware of for OctaFX customers.

OctaFX is responding to the increasing probability that there could be some changes in the currency markets, therefore, OctaFX will update its trading conditions.

Due to the Brexit vote, OctaFX will increase margin requirements on all pairs, that include British pound (GBP) and the Euro (EUR), starting from June 23rd until June 27th. The margin requirements are going to be increased to 1 per cent on the GBP pairs (1:100) and to 0.5 per cent on the EUR pairs (1:200). On the day of the referendum, June 23rd, margin requirements on the British pound pairs can be increased to 2% (1:50).

This vote is something that traders and markets cannot ignore.

Also, please be aware that there are always potential risks, OctaFX would like you to make you aware that the requirements can be changed depending on market volatility.

[B][U]OctaFX demonstrates reliability during Brexit vote market turmoil
OctaFX would like to let you know that company’s financial position has not been negatively affected due to today’s market volatility caused by Britain’s decision to leave the EU.

Both outcomes of the referendum were carefully studied by our experts, therefore high volatility came as expected. In order to prevent any additional risks occurrence we have taken measures to protect our clients’ interests in advance, increasing margin requirements.

OctaFX remains fully reliable and solvent facing significant market moves caused by Brexit. Thanks to the advanced risk management procedures and extensive experience in operating under volatile market conditions OctaFX has managed to minimise the risks associated with the event.

In case you have any questions, don’t hesitate to contact our award-winning Customer Support:[email protected].