FXDD changes leverage on CHF and TRY pairs


fxddThe historic SNB event of January 15, 2015 has been a wake up call for many financial firms. Especially for retail brokers, as they have taken serious hits. FXDD is the latest to adjust its trading requirements to cater for changes in the market environment. The firm describes itself as revolutionary pioneers in trading, delivering new technologies backed by world-class support for individual and institutional traders.

FXDD has taken steps to cover for contingencies that may occur during the upcoming Turkish elections. The country’s parliamentary election will be held on the 7th of June 2015. Although no surprises are expected as the long dominant Justice and Development Party (AK Parti) looks confident to win its fourth consecutive term. Notwithstanding, the broker has increased leverage requirements on the TRY pairs as a risk management measure. The newly introduced measure, imposes their clients to put up 10% of the position value, basically translating it to a 1:10 margin requirement. The move has been described as temporary as FXDD changes leverage.

Also, as the market conditions seem more stable now, the leverage on CHF pairs have been increased just over recently. Traders are now able to open and hold positions on CHF pairs with 50% of the leverage on their account.

Speaking of risk management, the 15th of January SNB event has changed the landscape of the industry. Various financial organisations have now adjusted their mode of operations to cater for such unforeseen circumstances in the future.

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