FXOpen will raise margin for GBP pairs on December 10th

Dear Traders,

We would like to remind you that the UK parliament will vote on the EU Withdrawal Bill on 11th December 2018. There is a high degree of uncertainty as to the outcome of the vote and all GBP currency crosses are likely to experience significant volatility with increased risk of market gaps.

Due to this FXOpen is going to increase margin requirements up to 5 times their normal values for all GBP pairs. Changes will take effect starting with the market opening on December 10th, 2018 without further notice.

We are taking this measure to reduce your risk due to the potential high volatility, rapid price movements or market gaps that may occur in case of further political escalation. Please consider this information in your trading and ensure you have sufficient funds on your account to maintain your positions.

FXOpen Customer Service
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