15:24 16 March /2020 Trading terms
Due to the current high volatility across all financial markets, TenkoFX have taken the decision to increase margin requirements by up to 5 times their normal level in order to protect client funds. The change affects currency pairs, indices, metals and commodities and will take effect from March 17th until further notice. Please ensure you have sufficient margin to cover any open positions.
Cryptocurrencies are unaffected by this change.
Please consider these circumstances when planning your forthcoming trading activities.
As we know, today at an emergency meeting the US Fed decided to cut its key interest rate to 0-0.25% to support the economy. However, despite this, stock indices are currently falling following the news of the coronavirus pandemic.
With the fall of Asian and European indices, as well as US Index Futures, Bitcoin is also losing ground. However, in the near future, Bitcoin might attract the demand of investors as an alternative asset. Halving can give Bitcoin additional growth.
You should not expect a quick recovery in stock prices, while the spread of coronavirus continues, which impedes the normal functioning of the economy. Following an almost complete stoppage of the largest economies in the world, the number of infected continues is growing exponentially, which indicates the insufficiency of the measures taken. This factor may further destabilize markets. With this development, it is also likely that currencies in emerging markets will decline, as well as a rapid increase in volatility in the Forex market.
If stock indices hold on at current levels and coronavirus recedes, a rally in all markets can be expected. Creating a vaccine can “blow markets.” .
Based on the current situation, guided by the rules of risk management and in order to preserve client funds, TenkoFX decided to increase margin requirements. We sincerely hope for your understanding.
TenkoFX is delighted to announce we have expanded the list of Index CFDs by adding HSI - Hong Kong 50 (Hang Seng Index)
11:42 17 August /2020 Trading terms
Please note that due to Independence Day celebrated in the USA on 4 July 2020 you may experience the following changes in trading hours on July 3rd:
11:42 02 July /2020 Trading terms