FxPro to set “Close only” on RUB and Index CFDs due to Brexit

June 24, 2016

FxPro makes changes to Trading Conditions on Indices & RUB pairs.

FxPro to set “Close only” on RUB and Index CFDs due to Brexit

Due to the extreme high market volatility caused by the UK’s Brexit Referendum Poll and the financial impact since yesterday, FxPro has decided to set another restrictions on “Russian Ruble Cross Pairs” and “Index CFDs”.

All FxPro’s traders are now able to order “close only” on these applicable symbols effective immediately.

This change has been made to all trading platforms including MT4, MT5 and cTrader.

FxPro will continue to monitor the market condition and will notify traders once they will take off the “Close Only” order limitation.

Also, once the “Close Only” is disabled, margin requirements on Spot/Futures Indices will be 15% on all new positions and margin requirements on all RUB pairs will be 5% on all new positions.

What to expect in the market?

  • High volatility across the currency market
  • Potential widening of spreads and a rise in margin requirements
  • Rapid developments that will have varying effects on different currency pairs

You are recommended to monitor your trades closely and have enough margin and free equity in your account in the days ahead. For daily market analysis and to stay up to date with all the latest news, please visit its official website.

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