Important Update on Trading Conditions

July 10, 2015

Dear Client,  

We would like to inform you that due to the consolidation of the market uncertainty expected for the market opening hours on Monday, 13th of July, HotForex is taking necessary measures in order to ensure a continuous safe trading environment to all our clients.

In light of the above, please note that this Friday, the 10th of July at 9:00 PM (GMT+3) all accounts will be set to “CLOSE-ONLY” mode. This means that clients will no longer be able to place new orders – either market or pending - on any of our available instruments. In addition, please note that pre-existing Pending Orders triggered after 9:00 PM GMT+3 will not be executed but will be cancelled instead.

Open Market orders placed before Friday, the 10th of July 9:00 PM GMT+3, will not be affected and can be closed/adjusted as usual.

The “CLOSE-ONLY” mode will remain in force until standard market conditions are re-established on the Monday morning Market Open.

In addition, please be advised that further leverage adjustments of down to 1:50 may be applied on an individual or on across-the-board basis depending on further market developments. 

Therefore, once again, we strongly advise you to lower any unnecessary risk and keep your accounts well-funded in the event that you wish to take positions forward during the upcoming weekend.

We sincerely appreciate your cooperation and support.

Best Regards,  
The HotForex Support Team

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