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December 1, 2016

ForexClub, Maximum FX Trading Volume to be limited for Italian Referendum Vote this Sunday

Change of trading terms and conditions notice.

This article is originally referred from ForexClub News.

A referendum over constitutional reform in Italy will be held on December 4th, 2016. 

This event may cause significant volatility increase and liquidity problems in the market that can result in spreads widening and substantial risks.

Due to this and in order to protect traders from related possible losses, our company is changing some of the trading terms and conditions on December 2nd.

Changes will affect maximum total trading volume when opening new or increasing the volume of existing positions.

The restrictions on trading instruments as below:

  • FX pairs: 5 000 000
  • Gold and Silver: 1,000,000
  • Oil and Gas: 500 000
  • Indices and Metals: 300 000
  • Stocks: 100,000

Moreover, uncertainty on the market may lead to maximum multiplier limitations.

Please note that the decision on changing trading terms and conditions will be made depending on market situation.

ForexClub likes to advise you to be very careful when using maximum multiplier as it can result in compulsory positions closing even without significant price move.

ForexClub also expects all the changes to be temporary so that soon after referendum they will be able to get back to our standard trading terms and conditions.

Original Source: ForexClub News

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