A new Greek proposal for a 3rd bailout agreement with the EU will be reviewed on Sunday 12th July. This has the potential to impact various financial markets through the weekend.
In light of this, Capital Spreads would like to make you aware of changes to their margin requirements on major FX, Stock Index and Commodity markets which will take effect from midday BST on Friday 10th July. These margins will be reviewed again at the European market open on Monday 13th July.
During this period, they advise clients to be aware of the potential market gap risk and impact of increased margin requirements on your open positions. Please ensure you have sufficient funds on your account or you may run the risk of being closed out.
Capital Spreads are not the only financial spread betting company to raise margin requirements as Core Spreads widened margins on some of the products and raised the cost of guaranteed stop loss. It’s an understandable move by the brokers to avoid the gaps and make sure customers don’t go into arrears. Please check with your broker before placing trades over the weekend.