Brokers are starting to cover their risks from trading over the elections
Saxo and IG have announced margin hikes for over the US elections.
Saxo will be raising margins on some FX and fixed income products. Most majors will be going up to 2-3% and the Mexico Peso will be upped to 15% and Russian Rouble to 10%.
IG are raising MXN, ZAR, BRL and KRW rates to 5% and TRY to 3%. Some of those are probably down to other geopolitical events outside of the US. Those hikes come into effect from this Friday.
Friday 4th Nov (14.00GMT) margins on USD, JPY, EUR and CAD will be starting at 1.0%
Stock index margins will be 1.0% across Europe and the US but there are some hikes to some of the sectors.
As always, check your broker's notices for any margin changes.
