FxPro Forex Broker To Resume Trading On All Swiss Franc Crosses
Due to last Thursday’s extreme volatility caused by the SNB [ Swiss National Bank]’s removal of the 1.20 floor on the EURO vs Swiss Franc currency pair, FxPro forex broker will reinstate trading on all Swiss franc crosses, with leverage set at 1:10 in order to protect the clients.
Following the extreme volatility in the Forex market caused by the Swiss National Bank’s decision to drop the 1.20 floor on the EURCHF pair, FxPro forex broker has announced that trading on all CHF crosses will resume today as of 12:00 GMT+2, with a leverage of 1:10 for the protection of our clients.
The company issued a statement on the matter, advising that “We would like to urge that clients exercise caution when trading these pairs. The possibility for high volatility remains, particularly in the run-up to Thursday’s ECB interest rate decision and policy statement.”
“FxPro forex broker will continue to monitor the market and may take steps to protect its clients in the event of extreme market conditions” concluded the commercial statement.