Saxo ups margin requirements ahead of US election
Margin requirements for most major FX pairs will go up to 2–3%, with RUB and MXN rising to 10% and 15%, respectively
Saxo Bank has announced it will increase the margin rates required from clients on some foreign exchange pairs in the run-up to the US presidential election on November 8, in a bid to reduce the possibility of customers accumulating overleveraged positions and potentially ruinous losses.
The Danish investment bank said on Monday (October 24) that it would raise the margin requirements on most major currency pairs to 2–3%.
Investors who wish to hold positions in the Mexican peso and the Russian
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