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Forex Broker News for December 2014
You can find and read the latest news and press releases from all of our partner brokers here.
Tuesday 30th of December 2014
FXPRIMUS are delighted to inform you that they have obtained a CIF License from CySEC (Cyprus Securities & Exchange Commission). This is an important milestone in the history of their company. You can take comfort in knowing that FXPRIMUS is regulated under a European jurisdiction. This is part of their ongoing commitment to become the safest retail Forex and CFD brokerage.
As an FXPRIMUS customer, nothing will change immediately in terms of your customer experience or the regulatory jurisdiction currently governing your account. They will notify you of any changes or modifications to this as they proceed with the establishment of their European entity. Please view the official Press Release below, and continued Happy Holidays to you.
FXPRIMUS Obtains CIF License from CySEC
Ebene, Mauritius: FXPRIMUS, the Mauritius based FX/CFD broker, announced today that their European entity, FX Primus Europe (CY) Ltd. has been granted a CIF License from CySEC (Cyprus Securities & Exchange Commission.) FXPRIMUS is now able to provide the comfort and assurance to its customers they are trading with an EU-regulated broker that complies with MFID directives.
Terry Thompson, President of FXPRIMUS commented on the development, "This is quite a big step for FXPRIMUS in terms of meeting some of our primary goals for 2015 and beyond. It gives us greater access to the European market. While we've established quite a footprint in Asia, we recognize the importance of having more of a global reach, and a European license puts us in a better position to accomplish this. Additionally, in our relentless pursuit to affirm our commitment to being the "Safest Place to Trade," we welcome the opportunity of being governed across multiple jurisdictions."
Thompson continued, "The process in obtaining a CIF license is quite extensive, but a process we were more than happy in committing to. We look forward to working with CySEC and are appreciative of the issuance of the license."
FXPRIMUS intends to open an office in Cyprus and become fully operational in early Q1, 2015.
Wednesday 24th of December 2014
Please, be informed that due to Christmas and New Year celebration, trading schedule will be changed.
Wednesday, December 24, 2014 - early trading session closing at 19:00 terminal time (GMT+2).
Thursday, December 25, 2014 - trading is closed.
Friday, December 26, 2014 - trading opening at 09:00 terminal time (GMT+2).
Wednesday, December 31, 2014 - early trading session closing at 19:00 terminal time (GMT+2).
Thursday, January 1, 2014 - trading is closed.
Friday, January 2, 2014 - trading opening at 09:00 terminal time (GMT+2).*
During the mentioned days, due to traditionally low liquidity and high volatility on the market, certain changes of trading conditions and margin requirements are possible.
* Please, note that the Customer Service department will start working on January 2, Financial department - on January 5.
Tuesday 23rd of December 2014
Orbex would like to bring to your attention that due to the upcoming holiday the following market trading hours schedule will be applied:
Departments operating hours will be affected during the seasonal holidays. Backoffice and Support Department working hours will be from 08:00 AM to 00:00 Cyprus (GMT+2) time 24th Dec - 2nd of Jan.
• All times and dates mentioned above are in Cyprus Local Time (GMT +2).
• Please be advised that on holidays a low trading volume and illiquidity; high spreads and volatility in markets are expected.
Sunday 21st of December 2014
Please find below the FXCC trading hours during Christmas and New Year's holiday period.
Thursday 18th of December 2014
Dec 2014 - Jan 2015
Please find the trading schedule for the Christmas, Boxing Day and New Years Day holiday's below.
We would like to take this opportunity to thank you for your business over the last year. 2014 has been a year of growth and change for IC Markets as they endeavor to bring you the best trading conditions and client experience possible.
For CFDs and complete holiday schedule, click here.
Liquidity over the holidays is expected to be especially thin so please take the necessary precautions to ensure you are not affected by increased volatility, spreads and intermittent pricing.
IC Markets will have staff to assist you throughout the holiday period whenever the market is open. Please be aware that deposits and withdrawals will be delayed when there is a bank holiday. Online funding methods such as credit/debit card and Moneybookers will still be processed instantly.
Wednesday 17th of December 2014
The team at Pepperstone wish you a Happy Holiday Season and a Prosperous New Year.
Throughout the festive period, our 24 Hour Emergency Trading Desk will operate as usual. However, our customer support and funding hours will be reduced. Automated funding on the EDGE servers will operate as normal.
As like many of us, even Liquidity providers enjoy a break at this time of the year. Due to less liquidity there may be increased volatility in the markets and slightly wider spreads.
Please ensure that your account is adequately funded as these conditions can impact even fully hedged positions.
Wednesday 17th of December 2014
This is to inform you that the leverage on currency pair USDRUB will be reduced to a maximum of 50:1 effective from Thursday the 18th December, 2014.
Clients trading USDRUB are requested to estimate margin usage at the moment and adjust their exposure accordingly or deposit additional funds if needed to avoid forced closure of open positions due to 'margin stop out'.
IC Markets' risk management team has decided to make this leverage change due to changing market conditions across all RUB pairs.
IC Markets continues to offer 500:1 Leverage on all other currency pairs except EURCHF & USDRUB.
Tuesday 16th of December 2014
This is to inform you that the leverage on currency pair EURCHF will be reduced to a maximum of 100:1 effective from Monday the 22nd December, 2014.
Clients trading EURCHF are requested to estimate margin usage at the moment and adjust their exposure accordingly or deposit additional funds if needed to avoid forced closure of open positions due to 'margin stop out'.
IC Markets' risk management team has decided to make this leverage change due to changing market conditions in the EURCHF currency pair.
The change in leverage is associated only with the EURCHF currency pair. IC Markets continues to offer 500:1 Leverage on all other currency pairs.