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Screenshot of a breaking news alert e-mail from Q2 2017
A follow-up to LeapRate’s earlier report about Dukascopy cutting maximum leverage on USD/HKD…
The Swiss Forex broker has just provided an update regarding the pending changes to trading conditions, specifying that the changes to maximum leverage levels will apply to all HKD pairs (not only to USD/HKD). This means that on top of USD/HKD, the leverage reduction will apply to HKD/JPY, CAD/HKD and EUR/HKD.
The broker has attributed the need to cut the leverage on these pairs to the possibility of peg abolition and likely subsequent high volatility and low liquidity.
Reduced leverage on HKD-containing pairs has already been applied to accounts with no open HKD positions. The reduction of maximum leverage for HKD positions to 1:10 on remaining accounts will happen on March 9, 2016 at 11:00 GMT.
You can view the update from Dukascopy by clicking here.