Volatility Alert: “Close Only” for TRY pairs on HotForex MT4!

April 13, 2017

HotForex changes conditions on USDTRY pair during Turkish Referendum.

Volatility Alert: “Close Only” for TRY pairs on HotForex MT4!

As you may have already known, the “Turkish Constitutional Referendum” is coming up this weekend, on 16th April 2017.

With this event, extreme High Volatility is expected in financial markets and you are recommended to pay extra attention to the market.

To prepare for this expected high volatility, HotForex is going to change the following conditions on its MetaTrader4.

From 13th April 2017 at 9:00 GMT, the USDTRY pair will be placed in close-only mode

This means that you won’t be able to close any open positions on USDTRY as of 13th April 2017, but you can only close existing open positions on that pair.

In case any pending orders to be opened during this period, the orders will be cancelled automatically.

HotForex won’t change leverage(margin requirement) on any Forex pairs through the event.

The Instrument will be placed back into standard trading conditions once the referendum results are released and regular market conditions are resumed.

For more information or inquiries, please contact HotForex support team.

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