LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Alpari RU, the retail Forex broker active in Russia and the countries from the Commonwealth of Independent States, earlier today unveiled plans to markedly improve trading conditions, with the changes to come into effect on April 13, 2015.
The change that is of utmost interest, perhaps, is the one concerning the euro vs Swiss franc pair (EUR/CHF). From next Monday, the pair is making its way to the FX Majors list, which means higher maximum leverage. More particularly, this means that the maximum leverage for EUR/CHF trades on ECN and Standard accounts will reach a level of 1:1000. On Pro and PAMM accounts the maximum leverage will be 1:500.
Margin requirements for trades with the EUR/CHF pair from April 13, 2015, on ECN and Standard accounts (for the MT4 platform):
Margin requirements for trades with the EUR/CHF pair from April 13, 2015, on Pro and PAMM accounts (for MT4):
The broker also promises cuts in spreads for some currency pairs, starting from April 13th, with a customer support representative specifying that the change will affect currency pairs in the FX Majors group. This means that the spreads on EUR/CHF will be axed too. We have to wait for several days to see what the actual cut will be.
You may recall that Alpari RU reinstalled trading with CHF-instruments on January 16, 2015, that is, only a day after “Black Thursday”. However, the spreads were quite high due to the dried-up liquidity for these currency pairs.
To finish the review of the pending changes in trading conditions, we have to mention that the maximum amount of open positions on standard.mt4 and ecn.mt4 accounts will be lifted to 500 orders.
To view the official announcement by Alpari Russia on the coming changes in trading conditions, click here.