As stated previously, whilst the margins have been restored to their pre-Brexit levels, we kindly advise our clients to continue to carefully consider and evaluate the risks involved in trading in GBP and EUR based pairs over the coming weeks and months. These include:
Extreme volatility on trading products, particularly GBP, EUR, CHF currency pairs and on UK and European indices.
The propensity for liquidity providers at certain times to limit their liquidity, leading to a potential widening of spreads as well as potential increased amounts of slippage on executed orders beyond what would normally be deemed acceptable.
Ensuring you have enough available margin/equity in your account at all times. This includes "hedged" positions (long and short on the same symbol believing this eliminates your market risk) which if spreads widen have the potential to stop out your positions.
We thank you for your understanding and continued support of Pepperstone and wish you well in your trading during this particularly volatile period in the markets. If you have any further questions feel free to contact support.