Saxo Bank raises CHF margin to 15%
Danish FX broker also doubles margin calls for other major currencies
Saxo Bank plans to raise its margin requirements for Swiss franc trades from 4–8% to 15%, as well as doubling its margin calls in other major currencies, as the Danish foreign exchange broker anticipates a "paradigm shift in the financial markets" following the removal of the Swiss National Bank's (SNB) EUR/CHF currency floor on January 15.
According to a client notification seen by FX Week, Saxo Bank will make the margin requirement changes on January 21 at 4:00pm central eastern time. Other
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