Following the extreme volatility in the FX market caused by the Swiss National Bank’s decision to drop the 1.20 floor on the EURCHF pair, FxPro has announced that trading on all CHF crosses will resume today as of 12:00 GMT+2, with a leverage of 1:10 for the protection of our clients.
The company issued a statement on the matter, advising that “We would like to urge that clients exercise caution when trading these pairs. The possibility for high volatility remains, particularly in the run-up to Thursday’s ECB interest rate decision and policy statement.”
“FxPro will continue to monitor the market and may take steps to protect its clients in the event of extreme market conditions” concluded the commercial statement.