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Screenshot of a breaking news alert e-mail from Q2 2017
Social investment expert eToro is once again taking a step to reduce risks in a complex trading environment.
The company warns that the coming weekend may lead to some crucial developments regarding Greece’s economic situation and the nation’s status in the European Union. As this is likely to result in heightened volatility across Forex markets, eToro is implementing temporary measures to cut risks.
For that purpose, maximum leverage on positions with ALL currency pairs will be limited to 1:100. The measures take effect today and will apply to new positions only. The company expects to reinstate normal trading conditions at some point on Monday.
eToro implemented such protective measures last week too, as markets were nervous ahead of the Greek referendum on July 5, 2015.
To view the latest update by eToro, click here.