Another meeting, another failure – that’s how we can describe the actual development in talks of Greece and its creditors. Even Sunday brought no solution and Greek government informed about planned referendum to get over the deadlock.
Greek government, after increased fears of Grexit, informed about the possibility of imposing capital controls and keeping banks shut on Monday due to spurred run on banking houses after the major creditors (the International Monetary fund, European Union and the European Central Bank) were unabel to reach consensus with the South European country. Majority of Greeks take the Grexit poosibility seriously and queues are standing near banks, trying to withdraw their deposits.
But what about brokers in such situation? Admiral Markets prepares its traders with analysis on social networks, IronFX informs on its website about the latest news.
FXCM informed its customers that margin requirements will face some adjustments on FXCM UK, AU and Markets branches, related to euro currency pairs as a consequence of Grexit turbulecne. Trading account have been adjusted at market close on Friday.
Alpari, hurt already with FXCM by January’s Black Thursday, announced that trading conditions on EUR currency pairs will be changed as well, also due to the massive turbulence expected after Grexit fears escalated to the maximum.
IC Markets warned its customers about their euro currency pair open positions and margin levels to check them before Friday’s close. Customers were informed and asked to reassure themselves that there is enough liquidity to withstand any gap on the market.
XTB prepared its clients for later announcement, providing already analyses for the pairs related to euro, lowering the Monday shock as much as it can. Clients are expected to adjust their positions and informed that spreads could be extended due to the upcoming worries on the market.
LiteForex reacted swiftly on Grexit concerns by hiking its margin requirements for all the currency pairs with euro, lasting until June 29, 9 am.
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