Has anyone been notified that their margin requirements are being increased temporarily?
About an hour ago I received an email from a broker about brokers increasing margin requirements because of increased volatility. None of the other brokers I have money with are doing this at the moment. Is this marketing or a reality for very high margin accounts?
Part of the email is shown below.
About an hour ago I received an email from a broker about brokers increasing margin requirements because of increased volatility. None of the other brokers I have money with are doing this at the moment. Is this marketing or a reality for very high margin accounts?
Part of the email is shown below.
QuoteDislikedAlthough we are experiencing extreme volatility in the foreign exchange markets, XXXXXXXXXXXX would like to clarify categorically that we are not increasing our % margin requirements on spot FX trading, including gold & silver. We understand that some FX brokers have doubled their margin requirements recently.
Please contact your account manager if you need to discuss your account.