Leverage ratio reduces Dukascopy on Turkish TRY pairs
Dukascopy Bank regulated by FINMA Financial Market Authority and its Swiss subsidiary EU regulated announced Leverage ratio reduces on Turkish TRY pairs due to possible risk of significant price gaps.
Dukascopy Bank and Dukascopy Europe, implement a maximum leverage of 1:10 for EUR/TRY and USD/TRY exposures as of 27 July 2016 at 10:00 GMT. With this announcement Dukascopy combines a growing number of Forex brokers, to take the measures in view of the volatility of the Turkish lira provoked by the failed military coup of July 15. Traders should evaluate the use of margin, when leverage is reduced applicable and adjust their exposure if needed.