FxPro to reinstate Turkish lira trading next week with 5% margin requirement

Leading CySEC and FCA regulated broker FxPro is informing clients that normal trading activity on Turkish lira (TRY) pairs will be re-enabled on all platforms on Monday, July 25, 2016, at 12.00 (GMT+3), subject to an increase of margin requirements to 5% for all existing and new positions.

On Sunday July 17 FxPro informed clients that as a result of the attempted coup in Turkey and the increasing volatility across TRY markets, the following trading conditions were implemented upon market opening ‪on Monday, July 18 (00:00 GMT+3‬): “Close Only” functionality enabled on FxPro MT4 and FxPro MT5 on all TRY pairs; trading of all TRY pairs will be disabled on FxPro cTrader.

Meanwhile, things have not gotten better in the country as the Turkish lira fell to new record lows on an S&P downgrade.

“In the aftermath of the failed coup, we believe that the risks to Turkey’s ability to roll over its external debt have increased,” said Trevor Cullinan, an analyst with S&P. “We expect that given the political uncertainty, Turkey’s policymakers will likely stray from their commitment to enact reforms intended to wean the economy away from its dependence on foreign financing.”

One-year USD/TRY chart: Courtesy: BarChart.
One-year USD/TRY chart: Courtesy: BarChart.

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  • Peter

    Surprised they are still in business – apparently still fighting bankruptcy with desperate moves.

    • Peter

      Both are bankrupt. Thanks for reminding

      • James R

        “Peter”, or whatever your real name is – I’m sure you have better things to do with your time than badmouth Fxpro. Actually, if they fired you and you still don’t have a job, maybe not. I’ve traded with Fxpro for a long time, one of the safest brokers out there.

  • James R

    This ‘Peter’ guy writes something bad about Fxpro on any article like this on Leaprate, Magnates, etc. Clearly either a fired employee or competitor. Maybe one of those guys who left Fxpro to start ACFX which is now really bankrupt. Always uses a different fake name.


FxPro to reinstate Turkish lira trading next week with 5% margin requirement


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