FOREX.com changes trading conditions due to geopolitical risks in Ukraine
FOREX.com, the retail Forex business of StoneX, has changed trading conditions due to geopolitical risks in Ukraine.
The broker has warned that, in response to volatility, trading on some of its commodity markets such as corn, wheat and oats may be impacted. These markets may be set to limit down/limit up or phone-only.
Today, the Japanese subsidiary of FOREX.com announced that, due to the heightened geopolitical risk centered on Ukraine, the broker has suspended the opening of new positions in USD/RUB and EUR/RUB since Thursday, February 24th.
If the situation becomes even more tense, there is a risk that the market price will fluctuate or liquidity will drop sharply in Forex trading, CFD trading, and knockout option trading. In such a case, spreads may be widened, swap points and interest rate adjustments may increase, open interest restrictions may be implemented, new transactions may be suspended, and margin requirements may be raised.
The broker advises its clients to keep enough funds in their accounts.