We’re seeing some brokers hike margin requirements for certain markets ahead of an election weekend
Just a heads up going into the weekend. Some of my trading friends have alerted me to notices from their brokers regarding margin changes on certain assets ahead of this weekend’s elections in New Zealand and Germany.
FXPro and HYCM are two such firms who will be temporarliy raising margins on German index products as well as others. Generally these changes will kick in from tomorrow and last until Monday.
If you haven’t heard anything from your broker, it may be worth checking out if you have trades on in things like the Dax, so that you don’t wake up to a marging call or closed out position because you didn;t have enough margin.