Changes to trading conditions,
We would like to inform you that, following the growing risks to global economy caused by the coronavirus outbreak confirmed by the unexpected interest rates cut from the Fed, BoE, and BOC it will be significantly important to watch further unfolding situation that may cause further trigger abnormal market conditions, including but not limited to:
• Extreme market volatility
• Thin market liquidity
• Price gaps
• Abnormal spreads
• Slippage on executed orders
Please note that there is strong possibility of increased volatility once ANY announcement will be made.
In light of the above abnormal market conditions, TemplerFX will implement as a precaution during the following trading sessions the below temporary measures on the aforementioned instruments:
• Switch to Close-only mode
• Leverage adjustments
• Trading restrictions
• Increased spreads
We strongly recommend that you take the above risks into consideration when planning your trading strategy, and ensure that you have sufficient funds in your account to cover your open positions.
This also includes "hedged" positions which, in case of spread increase, face the possibility of a Stop Out.
Should any trading restrictions occur on our trading instruments, TemplerFX will make every attempt to inform you via email or the MT platform as soon as possible.
If you have any more questions regarding the above, please do not hesitate to contact your dedicated Account Service Manager or our Customer Support.
The TemplerFX team