Update: Trading Terms for EUR Pairs
June 29, 2015

The recent announcement that Banks in Greece will remain shut today and for the rest of this week has generated exceptional volatility in the Market.

Prime minister, Alexis Tsipras, was quoted in the media saying the decision to close Greek banks was taken after the European Central Bank said it would not extend emergency funding.

In line with this we would like to inform you that for all EUR pairs:

• Leverage has been reduced to 1:100
• Spreads have been increased by one pip

Please note these changes have been put in place to protect our clients due to the possibility of further high volatility on the Forex market.