News and updates

2017 June 06

The United Kingdom general election of 2017 is scheduled to take place on 8 June 2017.

Regardless of the outcome, the election will possibly lead to extreme market volatility, abnormal spreads and price gaps in many currency, commodity and stock markets globally.

As a result, in order to protect our clients and our Company from such movements, FXORO will implement the following temporary measure:

On Wednesday, 7th June 2017, the margin requirements for all positions will be temporarily increased 1 hour before closing of the relevant market and currency pairs at 23:00:

  • FOREX: GBPUSD, EURGBP, GBPJPY, GBPCHF, GBPCAD, GBPAUD, GBPNZD, GBPTRY- 1% margin (1:100 leverage).
  • INDICES: AEX25, FRA40, GER30, EUR50, UK100, IT40, SPA35, SWI20- 2% margin (1:50 leverage).

The temporary measure will apply on both new and existing positions.

Please note that in accordance with markets volatility, we might take further actions such as abnormal spreads, restrict some instruments to close only or increase margin requirements.

All account types and instruments which their leverage is less than the above, will not be changed.

Make sure to continuously monitor any open positions that might be affected and ensure you have sufficient funds in your account to support them.

2017 May 07

On Sunday the 7th of May, the second round of the French presidential elections will take place.

Regardless of the outcome, the election will be a major test for the European Union and will possibly lead to extreme market volatility, abnormal spreads and price gaps in many currency, commodity and stock markets globally.

As a result, in order to protect our clients and our Company from such movements, FXORO will implement the following temporary measure:

From 17:00 p.m. server time (GMT+3) on Friday, 5th of May 2017, the margin requirements for all positions will be temporarily increased:

  • FX- 1% margin (1:100 leverage)
  • Metals- 1% margin (1:100 leverage)
  • Energies- 1% margin (1:100 leverage)
  • Indices- 2% margin (1:50 leverage)

The temporary measure will apply on both new and existing positions.

Please note that in accordance with markets volatility, we might take further actions such as abnormal spreads, restrict some instruments to close only or increase margin requirements.

All account types and instruments which their leverage is less than the above, will not be changed.

Make sure to continuously monitor any open positions that might be affected and ensure you have sufficient funds in your account to support them.

2017 March 14

On Sunday April 23rd, French presidential elections will take place.
The first round of voting will probably be followed by a second round on May 7th, if no candidate will get a majority in the first round.
The uncertainty surrounding the results is expected to increase volatility in global markets and may create trading opportunities worldwide.
To help ensure our customers are more protected from such movements, on Sunday April 23rd before market opening, we will be temporarily lowering the leverage to 1:50 (2% margin requirements) on the following instruments: 

  • FRA40 

The temporary measure will apply on both new and existing positions.
Please note that in accordance with markets volatility, we might take further actions such as restrict some instruments to close only or increase margin requirements.
Make sure to continuously monitor any open positions that might be affected and ensure you have sufficient funds in your account to support them.

2017 March 14

On Sunday April 16th, Turkey’s Constitutional Referendum will take place.

The uncertainty surrounding the results is expected to lead to extreme market volatility, thin market liquidity, abnormal spreads and price gaps in Turkish Lira (‘TRY’) pairs.

To help ensure our customers are more protected from such movements, on Friday April 14th after market closing, we will be temporarily lowering the leverage to 1:20 (5% margin requirements) on the following instruments:

  • USD/TRY
  • EUR/TRY
  • CHF/TRY
  • TRY/JPY
  • GBP/TRY

The temporary measure will apply on both new and existing positions.
We wanted to make you aware of these changes and to give you notice so that you can prepare extra funding for your account should this be necessary.
Please note that in accordance with markets volatility, we might take further actions such as restrict some instruments to close only or increase margin requirements.
Make sure to continuously monitor any open positions that might be affected and ensure you have sufficient funds in your account to support them.

2017 March 04

Certain changes took place in the Company Term and Conditions. You can find here the latest Terms and Conditions of the Company

2017 March 09

Due to the switch to Daylight Saving Time taking place on March 12th in the USA and March 26th in Europe, FXORO trading schedule will be changed in order to accommodate for the time difference. 

Please note the below in order to view the trading times of the instruments affected between 12/03/2017 – 26/03/2017: 

 

Meta Trader server time (GMT+2)

 

Instrument

12.3.2017-25.3.2017

From 27.3.2017

FOREX

Sun - Fri 23:05-22:59

Mon - Fri 00:05-22:59

OIL

Mon - Fri 00:00-22:59

Mon - Fri 01:00-23:59

BRENT

Mon - Fri 02:00-23:59

Mon - Fri 03:00-00:59

NGAS

Mon - Fri 00:00-22:59

Mon - Fri 01:00-23:59

US500

Mon - Fri 00:00-22:15, 22:30-22:59

Mon - Fri 01:00-23:15, 23:30-23:59

NAS100

Mon - Fri 00:00-22:15, 22:30-22:59

Mon - Fri 01:00-23:15, 23:30-23:59

US30

Mon - Fri 00:00-22:15, 22:30-22:59

Mon - Fri 01:00-23:15, 23:30-23:59

US2000

Mon - Fri 02:00-23:59

Mon - Fri 03:00-00:59

USDX

Mon - Fri 02:00-22:59

Mon - Fri 03:00-23:59

JPN225

Mon - Fri 01:00-22:15

Mon - Fri 02:00-23:15

GOLD

Mon - Fri 00:00-22:59

Mon - Fri 01:00-23:59

SILVER

Mon - Fri 00:00-22:59

Mon - Fri 01:00-23:59

PLATINUM

Mon - Fri 00:00-22:59

Mon - Fri 01:00-23:59

COPPER

Mon - Fri 00:00-22:59

Mon - Fri 01:00-23:59

CORN

Mon - Fri 02:00-14:45 ; 15:30-20:15

Mon - Fri 03:00-15:45;  16:30- 21:15

WHEAT

Mon - Fri 02:00-14:45 ; 15:30-20:15

Mon - Fri 03:00-15:45;  16:30- 21:15

Soy Beans

Mon - Fri 02:00-14:45 ; 15:30-20:15

Mon - Fri 03:00-15:45;  16:30- 21:15

COFFEE

Mon - Fri 11:15 - 19:29

Mon - Fri 11:15 - 20:30

SUGAR

Mon - Fri 10:30-18:59

Mon - Fri 10:30-19:59

US Stocks

Mon- Fri 15:30-21:59

Mon- Fri 16:30-22:59

 

This schedule may be subject to change.

 

Trading on all instruments close on Friday 17/3/2017 & 24/3/2017 at 22:59.

2017 February 06

In light or new regulatory requirements we would like to bring to your attention that certain changes took place in the Company Term and Conditions.   You can find the latest Terms and Conditions of the Company by clicking Here

2016 December 20

On Sunday December 4th, Italians will head to the polls to cast their votes for or against a constitutional reform aimed to restrict the powers of the Senate.

The uncertainty surrounding the results is expected to increase volatility in global markets and may create trading opportunities worldwide.

To help ensure our customers are more protected from such movements, on Sunday December 4th before market opening, we will be temporarily lowering the leverage by 4 times on the following instruments:

  • IT40
  • Italian shares

 And by 2 times the following instruments:

  • AEX25
  • FRA40
  • GER30
  • EUR50
  • UK100
  • SPA35
  • SWI20

Please note that in accordance with markets volatility, we might take further actions such as restrict some instruments to close only or increase margin requirements.

Make sure to continuously monitor any open positions that might be affected and ensure you have sufficient funds in your account to support them.

2016 November 04

Due to the expected volatility around the upcoming US presidential elections scheduled for November 8, 2016, please be advised that new margin requirements will come into effect on Sunday November 6th and will remain in effect until at least Wednesday, November 9.

The margin requirements will be doubled in order to protect any open deals that you may have. 

In case of high volatility and low liquidity, the company reserves the right to make a number of changes to the trading conditions without prior notice, which may include but is not limited to, increased margin requirements, Close only mode, spread widening and volume restrictions.

As a result of this change in margin requirements, you may need to consider closing open trades and / or deposit more funds to your account.

We urge you to make sure in advance that your accounts are well capitalized throughout this period of significant volatility and high margin requirements. 

The company will reduce margin requirements back to pre-election levels as soon as market conditions permit.

2016 October 28

Trading hours due Daylight Saving Time

 

Due to the seasonal change in Daylight Savings Time in Europe on the weekend of 30th October and in the United States on the weekend of 6th November, the trading hours of various instruments will be affected between October 31st and November 4th.

Trading schedule will return back to normal on the 7th of November 2016.

Forex will have an early opening at 23:05 on October 30th and an early closing at 21:59 on November 4th.

Please review the below table to see which instruments will be affected and how:

 

INSTRUMENT

Monday 31.10.2016 - Friday 4.11.2016

GOLD

00:00-23:00

SILVER

00:00-23:00

PLATINUM

00:00-23:00

COPPER

00:00-23:00

OIL

00:00-23:00

BRENT

02:00-00:00

NGAS

00:00-23:00

COFFEE

11:15-19:30

SUGAR

10:30-19:00

CORN

02:00-14:45 ; 15:30-20:15

SBEAN

02:00-14:45 ; 15:30-20:15

WHEAT

02:00-14:45 ; 15:30-20:15

AUS200

00:50-07:30 ; 08:10-22:00

HK50

03:15-06:00 ; 07:00-10:15 ; 11:15-17:45

JPN225

01:00-22:15 ; 22:30-23:00

US30

00:00-22:15 ; 22:30-23:00

NAS100

00:00-22:15 ; 22:30-23:00

US500

00:00-22:15 ; 22:30-23:00

US2000

02:00-00:00

USDX

02:00-23:00

US SHARES

15:30-22:00

 

*The above schedule may be subject to change.

 

 

0001 January 01

FXORO’s physical and mailing address and registered office changed to: Petrou Tsirou 82, Mesa Geitonia, 3076, Limassol, Cyprus, P.O.BOX 53101. Therefore, relevant changes were made to FXORO’s website and FXORO Account Documents.  

2016 June 26

Due to uncertainty in the markets and the increasing volatility, at the market opening on the 26th of June, all spreads are set as floating until conditions will resume stability.