XM to reduce leverage to 1% to get ready for the “Brexit”

June 16, 2016

XM finally announced the changed “margin requirement” on UK’s Brexit Poll.

The UK Referendum Poll is going to be placed on 23th of June though, the increased margin will be applied from June 17th at 23:00 in GMT3.

The affected Financial Instruments are all Forex currency pairs, Gold and Silvers.

And the leverage you can utilize for these instruments are only 1:100 during the specified period. Meaning that you will be required 1% of the margin.

The conditions will be back to normal from the market opening on June 20th, Monday.

XM is going to update regarding the matter on the later day.

 

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