FCA and CySEC regulated broker FxPro informed clients today that as a result of the apparent attempted coup in Turkey and the increasing volatility across the markets, the following trading conditions went into effect upon Market Opening ‪on Monday, July 18 (00:00 GMT+3‬):
– “Close Only” functionality enabled on FxPro MT4 and FxPro MT5 on all TRY pairs;
– Trading of all TRY pairs will be disabled on FxPro cTrader. Clients who wish to close any open positions that they may have on TRY pairs may contact the Dealing Department.
FxPro stated it shall be informing accordingly as soon as trading returns to normal conditions.
Meanwhile, it looks like the Turkish lira got a bit of a bounce back on Monday as Turkish Prime Minister Recep Tayyip Erdoğan maintained power of the country. The lira sunk to 3.36 vs. the Euro in the midst of the crisis, and now settled around the 3.24 mark.
EUR/TRY H1 Chart: FxPro cTrader.