Dukascopy changes trading conditions for Turkish Lira
Switzerland-based retail FX and CFD broker Dukascopy has announced changes to the trading conditions for FX pairs including the Turkish Lira (TRY).
The Republic of Türkiye will hold presidential and parliamentary elections on May 14, 2023. In connection with the elections, market swings are expected.
Dukascopy is temporarily decreasing the maximum exposure limits for trading instruments involving the TRY.
The following maximum exposure will be applied with immediate effect:
- EUR/TRY: 100,000
- USD/TRY: 100,000
- TRY/JPY: 1,000,000 (unchanged)
The above limits are applied to the opening of new positions and to the increase of existing positions.
Clients currently holding positions that exceed the above maximum instrument exposure may continue to hold such positions.