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FXOpen News


  • Changes to CFD Trading on Independence Day in the United States

    Dear clients,
    Please note that due to Independence Day celebrated in the USA on 4 July 2018 you will experience the following changes in trading hours on July 3rd and 4th.

    Tuesday, July 3rd

    Forex: normal trading hours;
    Metals: normal trading hours;
    Indices:

    • Japan 225 trading ends at 20:15 GMT+3;
    • US SPX 500 trading ends at 20:15 GMT+3;
    • US SPX 500 (Mini) trading ends at 20:15 GMT+3;
    • US Tech 100 trading ends at 20:15 GMT+3;
    • US Tech 100(Mini) trading ends at 20:15 GMT+3;
    • Wall Street 30 trading ends at 20:15 GMT+3;
    • Wall Street 30 (Mini) trading ends at 20:15 GMT+3.

    All other indices will be traded without changes.

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  • Leverage Changes for Retail Clients

     
    The European Securities and Markets Authority (ESMA) has officially announced the new leverage limits for Retail clients will come into effect on 1st August 2018. The new limits apply to every broker regulated in the European Union and have a direct impact on the amount of money you need to place a trade. The new leverage limits will apply to both open positions as well as new positions once implemented.
     
    What are the Changes?
     
    The full ESMA document can be read here but below is a summary of the main changes to your account.
     
    Maximum Leverage:
    ·         30:1 for major currency pairs;
    ·         20:1 for non-major currency pairs, gold and major indices;
    ·         10:1 for commodities other than gold and non-major equity indices;
    ·         5:1 for individual equities and other reference values;
    ·         2:1 for cryptocurrencies;
     
    Negative Balance Protection: Your account as a whole will no longer be able to lose more than the funds on deposit.
     
    50% Margin Stop Out: This is currently already in place for ECN accounts but it will now also apply to STP and Crypto Accounts which are currently 30% and 15% respectively.
     
    Who is affected by the changes?
     
    The new leverage limits and negative balance protection rules only apply to Retail clients. Professional clients are not affected by the new changes.
     
    If you are classified as a retail client, and you meet 2 of the following 3 criteria, you may be eligible to opt up to become a Professional client.
    You have traded an average of 10 times in each of the last four quarters on CFDs, spread bets or forex in significant size (with FXOpen UK and other providers)
    You hold an investment portfolio (including cash savings and financial instruments) exceeding €500,000 (with FXOpen UK and other providers)
    You have worked for at least one year in the financial sector, in a position that has given you knowledge of Forex, CFD, or spread betting trading
     
    If you meet the requirements and want to enquire about opting up to a professional client status, contact your account manager or [email protected].
     
    If you have any questions regarding this please do not hesitate to contact us and we will be providing further updates on the changes over the coming weeks.
     
    Kind regards,
    The FXOpen UK Team

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  • FXOpen Adds New Pairs with EOS to Crypto Accounts


    FXOpen has enhanced the range of financial instruments by adding new pairs with EOS to Crypto accounts: EOSUSD, EOSEUR, EOSJPY and EOSGBP.

    EOS is a new blockchain platform designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication, and the scheduling of applications across many of CPU cores or clusters. The technology is a blockchain architecture that may ultimately scale to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment and maintenance of decentralized applications, in the context of a governed blockchain.
    According to CoinMarketCap, EOS is the fourth largest altcoin with $9.32B market cap.

    With the latest additions, FXOpen now offers the total of 43 currency pairs on Crypto accounts. Ripple, Bitcoin Cash, Ethereum Classic, Monero, NEO, EOS, IOTA and OMNI can be traded against USD DollarEURO and Bitcoin. 1 lot typically equals 1 unit of XRP, BCH, EMR or other respective base currency.

     

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  • UK Bank Holiday 28th May Support Hours

    Due to the UK Bank holiday on Monday 28th May, Support will close at 8pm on Friday 25th May and reopen at 8am on Tuesday 29th May.

    For all Trading enquires on live accounts, you can still call 0203 519 1224 from 10PM Sunday 27th May.

    Kind regards,

    The FXOpen Team

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  • Changes in CFD trading on May 28th

    Dear Traders,

    Due to US Memorial Day and the UK Spring Bank Holiday on May 28th, please note the following changes in trading hours.

    • Forex pairs: no changes;
    • Metalls: trading closes at 20:00 GMT +3;
    • Oil and Gas: trading closes at 19:45;
    • Indices:
      • Japan 225: trading closes at 20:00;
      • US SPX 500: trading closes at 20:00;
      • US SPX 500 (Mini): trading closes at 20:00;
      • US Tech 100: trading closes at 20:00;
      • US Tech 100 (Mini): trading closes at 20:00;
      • Wall Street 30: trading closes at 20:00;
      • Wall Street 30 (Mini): trading closes at 20:00;
      • UK 100: trading is closed.

    Please, consider these changes when planning your trading activities for the following week.

    The FXOpen UK Team

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