FXPro Trading Desk Alerts – [TRY Update] Trading Activity Now Enabled on TRY Pairs
We are glad to inform that FXPro has finally enabled the tradings of all TRY currency pairs in its trading platforms, MT4/5 and cTrader.
TRY trading had been disabled completely on FXPro cTrader, and no new positions on on FXPro MT4 and MT5 for a few business days though, you can now carry with your normal trading plans as before.
What happened to TRY?
The recent events in Turkey triggered irregular market conditions including increased volatility across several currency pairs, thinning of liquidity and significantly wider spreads.
As a step of caution, trading activity on TRY pairs was disabled on FxPro cTrader, while “Close Only” functionality was enabled on FxPro MT4 and FxPro MT5 on the same instruments.
The normal trading activity on TRY pairs will be re-enabled on all platforms on Monday, July 25, at 12.00 (GMT+3), subject to an increase of margin requirements to 5% for all existing and new positions.
Please note that you are recommended to closely monitor your positions on all instruments and ensure that you have sufficient funds in your trading account(s) to support your trading strategy.