FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
ETX Capital information and reviews
ETX Capital
90%
FxPro information and reviews
FxPro
89%
FIBO Group information and reviews
FIBO Group
88%
EUR/USD
1.1916
GBP/USD
1.394
USD/JPY
110.2129
USD/CHF
0.9175
USD/CAD
1.2349
EUR/JPY
131.3321

New Symbols for Professional Clients


30 July 2018

As of August 1st the new ESMA product intervention measures will come into effect.

Accordingly and to ensure smooth operations, you will notice a new set of symbols on your Market Watch with a ‘xand #’ suffix, while x is used for variable spreads and # for fixed spreads (e.g. EURUSDx, GPBUSD#). For Professional Clients, starting July 30th all new trades as of market open on Monday must be opened using the new symbols, pertaining the same trading conditions.

As for Retail Clients, starting August 1st, all new trades must be opened using the new symbols, where the new ESMA margin rates will apply. All current symbols shall be set to "close only" at this time.

Any open positions you have going will remain on your account at the lower margin rates. These trades can be closed as normal at your discretion.

We would also like to remind you that the liquidation level for the Retail Clients will increase from 20% to 50% as of market open on August 1st 2018 therefore you must ensure you have enough margin in your account to support open positions prior to the change.

If you have any questions, please do not hesitate to contact us at support@orbex.com or dealing@orbex.com.

Kind Regards,
Orbex Team

#source

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