IMPORTANT NOTICE: Change of trading conditions for pairs with GBP due Brexit referendum in the UK
NPBFX notifies that due to the Brexit vote on 23 June 2016, there is increasing of volatility and risk in trade transactions expected of FOREX market. In this case, since 20 June 2016, trading conditions will have the following changes:
1. Leverage for all currency pairs with the British pound (GBPUSD, EURGBP, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD) will be reduced by 4 times.
2. Transactions with all currency pairs with the British pound (GBPUSD, EURGBP, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD) will be available in the “close only”; opening new positions with listed currency pairs will be unavailable.
Please also consider that the market conditions may require additional changes in the service conditions.
The aforesaid restrictions will be removed completely or partially, after the normalization of the market situation and reducing the risk of high volatility. NPBFX’s customers will be informed additionally.
Please note that during the period in the run-up to the referendum, the day of the referendum, as well as its end, there may be significant increasing of the risk during any trading for all currency pairs. At the same time on the market there is the possibility of sharp changes in prices; significant price gaps; decreasing in the liquidity of trading instruments, which may be accompanied by increased frequency and size of price slippage and rejections of transaction requests.
In view of the above clients should exercise extra caution when planning and conducting trading operations.