Brokers News

FxPro reducеs margins for certain MXN, CHF forex pairs

Nov 15 2016 12:49:11 GMT
By
Stanimir Zhelev , ForexBrokerz.com Find me on Google+

As of today, 15 November, UK forex broker FxPro raises the leverage for some currency pairs with the Mexican peso (MXN) and the Swiss franc (CHF) to 1:500. This is the maximum leverage ratio offered by the broker and of course, FxPro’s dynamic leverage model applies to it.

The change will affect all existing positions, as well as new ones for the following currency pairs:

MXN pairs – EUR/MXN and USD/MXN;
CHF pairs – EUR/CHF, GBP/CHF, USD/CHF, AUD/CHF, CAD/CHF, CHF/JPY, CHF/PLN, NZD/CHF.

FxPro uses a dynamic forex leverage model as a risk management tool on the MT4 and MT5 platforms. It automatically adapts the maximum leverage, based on the number open trading positions (lots) of clients. Leverage is calculated separately on each forex symbol, as margin requirements for different pairs vary.

The change in the trading conditions of FxPro is probably related to the election of Donald Trump as US president. The vote brought high volatility, especially with regard to the MXN crosses, as during his presidential campaign Trump vowed to rid the US of “bad hombres” as he referred to undocumented Mexican immigrants.

After the election results were announced, the Mexican peso plunged by more than 13%against the US dollar to an all-time low - its biggest daily move in two decades.

FxPro is a leading online brokerage, regulated by the Cyprus Securities and Exchange Commission (CySEC), UK’s Financial Conduct Authority (FCA), and South Africa’s Financial Services Board (FSB). The broker operates as a Hybrid Agency Model broker, offering Negative Balance Protection and enabling clients to access top-tier liquidity.

 

TAGS: fxpro  mxn  chf  margin 

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