ZFX cuts leverage ahead of key economic events in July
ZFX, a London-based brokerage firm, has announced a temporary change in trading conditions, significantly reducing the maximum leverage for accounts trading forex pairs, gold (XAUUSD), and silver (XAGUSD). Throughout July 2025, leverage for these instruments will be capped at 1:500 during the release of major economic data.
- Chosen by 3 200+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
According to a statement published on the company’s website, the move is aimed at protecting clients from increased market volatility and ensuring margin stability during the release of key macroeconomic statistics and central bank announcements.
Event calendar and timeframes
The leverage reduction will apply to all accounts currently set above the 1:500 level and will be enforced during specifically defined time intervals. These include high-impact events such as the U.S. ISM Manufacturing PMI, Non-Farm Payrolls, interest rate decisions from the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ), core Consumer and Producer Price Index (CPI and PPI) data, as well as anticipated monetary policy statements from the Federal Reserve and the European Central Bank (ECB).
The adjusted leverage periods (GMT+1) are as follows:
July 1: ISM Manufacturing PMI (14:30–15:10)
July 3: Non-Farm Payrolls (13:00–13:40), ISM Services PMI (14:30–15:10)
July 8: RBA Interest Rate Decision (05:00–05:40)
July 9: RBNZ Interest Rate Decision (02:30–03:10)
July 15: Core CPI (13:00–13:40)
July 16: Core PPI (13:00–13:40)
July 17: Core Retail Sales (13:00–13:40)
July 24: ECB Interest Rate Decision (12:45–13:25)
July 30: Bank of Canada Rate Decision (14:15–14:55), U.S. FOMC Rate Decision (18:30–19:10)
Guidance and warnings for traders
ZFX recommends that traders ensure they have sufficient funds in their accounts to maintain open positions during the listed periods, warning that heightened volatility could increase overall market risk.
The company also advises clients to review their trading strategies and risk management parameters ahead of these events. For questions, ZFX encourages clients to contact their support team.
Notably, ZFX recently doubled the leverage on ten major cryptocurrency contracts—from 1:10 to 1:20
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