
Saxobank Forex - All FX Margins Will Double
Due to massive changes in Foreign Exchange volatility we will today Thursday, 16 August 15:00 CET/13:00 GMT double our FX margins on all currency crosses including Gold and Silver. We strongly recommend you to reduce your positions. The new margins will stay until further notice. TRY, ZAR and ISK will stay unaffected of this change, as the margins on those were changed today at 12:00 CET/10:00 GMT.
CHF and JPY will also change at 15:00 CET/13:00 GMT today and not tomorrow at 18:00 CET/16:00 GMT as stated in the email sent out yesterday.