U.K's referendum, taking place on the 23rd of June 2016, is a financial and a political matter that captivates the traders' and the investors' mindset and focus.
Will the U.K. resume being a member of the European Union, or a probable Brexit is more likely the case?
As per the latest estimations and polls, both outcomes have almost equal chances of occurring, and the fear of uncertainty exerts pressures on the nation's citizens and the European region.
Therefore, our online brokerage, ArgusFX, takes all the necessary measures to ensure that all its clients are ready to manage their account's capital wisely.
U.K’s upcoming referendum: High volatility expected
As a true STP/ECN broker, we are proactive, and our priority is to ensure that our clients, the traders, are secured at all times, having sufficient capital in overcoming similar high impact events.
Furthermore, high volatility and aggressive oscillations could be noticed, and in the condition of insufficient capital your account's safety may be in danger.
The probable risks, likely exposing our clients' account balances, will be monitored through the implementation of measures on all the forex pairs and CFDs where GBP and EUR are the underlying currencies.
Moreover, we will be increasing the risk multiplier and margin requirement for all GBP and EUR related financial instruments.