Retail brokers tighten margins ahead of US election
FXCM, IG Group and Saxo Bank take steps to reduce risk for their clients, while others stand ready to act
Retail foreign exchange brokers are decreasing the leverage available to clients, in an effort to protect them from incurring heavy losses, by raising margin requirements ahead of the US presidential election on November 8.
Several brokers, including FXCM, Saxo Bank, IG Group and Interactive Brokers, have started increasing the margin rates on currency pairs and other financial instruments, while other firms are on stand-by to act in the run-up to Election Day.
The extraordinary measure aims to
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