Leading FCA and CySEC regulated broker FxPro has announced they have resumed normal trading conditions across all accounts. Last Friday the firm cut leverage on EUR and major crosses down to 50:1 leverage (2% margin) in order to reduce risks heading into the weekends critical Greece referendum vote.
The market did indeed react with “risk-off” gap downs, but not as violently as possibly imagined as the Greek’s struck down the referendum Sunday with a “no” vote. The saga continues for the EMU and Euro, the question is will markets be as choppy in July as they were in June to surpass last month’s stellar volume reports?
You can read the official announcement from FxPro below:
We are writing to announce that the leverage cap we introduced on Friday will be lifted from Monday July 6, 2015, 00:15 instead of 02:00 (server time). Normal trading conditions will apply.