Thursday, January 29, 2015

Who to trust during the high volatility events?

The financial markets have been shaken recently by high volatility due to the slew of fundamental and geopolitical events surrounding the main currencies of the globe. The Euro has been losing ground amid worries about Greece and its future plans, the Dollar has been gaining ground on a possible rate hike by the FED during this year, and the Swiss Franc gained an amazing 20% versus the Euro after the National Swiss Bank let the currency float freely.

The events that came after the announcement by the National Swiss Bank, was a test to the most important Forex brokers around the world. Alpari had to declare itself insolvent, FXCM had to be bailed out by an outside company, and even CitiFX reported millions of Dollars in client loses during the National Swiss Bank event.

But this was also a good opportunity to see which brokers handled the situation professionally. Actually, the brokers that best came out of the recent events were the brokers that took measures before the panic started. For instance, Dukascopy raised its margin requirements on the CHF crosses since October and so did ActivTrades since November. This prevented the clients from these brokers from suffering huge losses on their accounts. The official announcement by ActivTrades may be found here:



9 comments:

  1. Great broker for traders.

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  2. Outstanding and trustworthy broker!

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  3. From good and reliable brokers we just can expect this level of decisions.

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  4. Thanks for the advice, that is very reliable broker.

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  5. ActivTrades survived the crisis this makes it one of the most reliable brokers out there.

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  6. After huge crisis, you know who to choose.

    ReplyDelete

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