FxPro Changing Margins Ahead of Italian Vote, Joining Growing List of Brokers

This weekend will see the latest drama in Europe with a constitutional referendum in Italy on December 4^th – ahead of the event, FxPro has taken preventative steps to help protect its clients, which will include the altering of select margin requirements, according to an FxPro statement.

The move mirrors that of other brokers that have also implemented leverage thresholds and other changes in anticipation of widespread Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term. The Italian referendum is the latest example of a potentially destabilizing vote taking place in a large economic bloc, with the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term vote in June and the recent US election earlier this month sparking volatility across currency markets.

More Drama in the Works?

The referendum this weekend is also of importance, as a ‘No’ vote could trigger an Italian schism with the rest of the EU, placing even more pressure on a EUR that has been under siege over the past month against its US counterpart.

As such, FxPro will be undergoing several margin changes on December 2^nd at 10:00 GMT – the changes will only affect new positions and include the following instruments: