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Screenshot of a breaking news alert e-mail from Q2 2017
DMM FX Australia, who is closing up shop this summer as reported by LeapRate back in May is taking no extra risks before winding down. Today they notified current clients that due to an increased risk following the Brexit referendum and to further protect clients’ positions during this event, trading will be suspended from 07:10hrs (server time) for the following FX pairs:
GBPUSD, GBPAUD, GBPCAD, GBPCHF, GBPNZD, GBPJPY, EURAUD, EURUSD, EURNZD, EURCAD EURCHF, EURJPY and EURGBP.
If you currently hold positions in the mentioned products, you will be able to close out however no new positions will be accepted.
Trading in the above products is expected to resume to normal from 08:00hrs (server time) on Monday, 27 June 2016. However, to further protect clients’ positions, DMM FX states, “it reserves the right to shorten or extend this special trading period and nonetheless impose on any other products at our discretion and without any prior notice.”
DMM FX Australia is part of the Japanese DMM Group, which operates DMM.com Securities – the second largest retail forex broker in terms of trading volume in the world.