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Forex broker IG in touch with FCA on handling EURCHF depeg

News by Allie Longford on 19:23 EST March 17, 2015
The saga concerning what is poised to become the great story of the year in the retail forex industry goes on.

SNB fall out one month on, CMC Markets clients affected by cash adjustments

News by Allie Longford on 09:59 EST February 17, 2015
It is a month since the Swiss National Bank, unexpectedly, gave up on defending the 1.20 level on the EURCHF cross which, for four years, had prevented further appreciation of the small European country's currency.

Forex brokers in dispair after Swiss Franc volatility

News by Allie Longford on 14:47 EST January 17, 2015
The move by the SNB to remove the cap on the exchange rate of the Swiss Franc versus the euro which resulted in the currency appreciating 20% within minutes sent shockwaves through the forex brokers around the world that now hold clients with substantial loses on their accounts, some of which, will be unlikely to be able to repay.

EURCHF and USDCHF collapse as SNB removes cap

News by Newsroom on 07:36 EST January 15, 2015
The SNB has removed this morning the exchange rate floor value on EURCHF that imposed at 1.20 since 2010.


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