The Swiss broker has informed its users about changes in trading conditions for currency pairs with the Turkish Lira (TRY).
Turkey will hold presidential and parliamentary elections on Sunday, May 14, which is expected to cause high volatility in many markets.
According to the official website of Dukascopy, the maximum exposure limits for trading instruments with TRY will be lowered.
The new maximum exposure for currency instruments will be as follows:
- EUR/TRY: 100,000
- USD/TRY: 100,000
- TRY/JPY: 1,000,000 (no change)
These limits apply to new positions and increases to existing positions.
Traders currently holding positions in excess of the new limit may continue to hold such positions.
Founded in 2014, Dukascopy has received many prestigious international awards and prizes and ensures reliable protection of its clients' funds. The company's main priority is to provide its clients with high-quality services and the best trading conditions.
Earlier, it was reported that Dukascopy has expanded trading opportunities for traders.
