Saxo Bank hikes margin requirements over fears of war with North Korea
Aug 14, 2017 at 13:45
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3 Replies
Member Since Dec 11, 2015
1487 posts
Aug 14, 2017 at 13:45
The Danish financial services provider announced they are raising the margin requirements for forex and CFDs, starting from August 16, at 0800 GMT. The reason is the 'growing tension between North Korea and the USA' and it is not clear for how long the new requirements will be in effect. (https://www.forexbrokerz.com/news/Saxo%20Bank%20hikes%20margin%20requirements%20from%20August%2016%20over%20fears%20of%20war%20with%20North%20Korea)
I didn’t realize the fear of a war has become that real that it would prompt such changes. Do you think other brokers will follow?
I didn’t realize the fear of a war has become that real that it would prompt such changes. Do you think other brokers will follow?
Aug 17, 2017 at 10:37
This is one very interesting topic. Why would brokers fear from a war that will never happen? And also North Korea vs USA. This is a handicapped duel in my opinion. I don't think many brokers will follow to be honest. Let's see how it goes.
Accept the loss as experience
Member Since Dec 11, 2015
1487 posts
Aug 26, 2017 at 12:22
fx88vn posted:
It won't happen, I'm sure
I hope you're right, because if it does happen the global consequences will be dire, I think.
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