Dukascopy Reduces Maximum Exposure Limit on RUB Instruments

​Geneva-based Retail FX broker​ Dukascopy Bank​ has announced its decision to reduce the maximum exposure limit on USD/RUB and EUR/RUB instruments from 5 to 1 million of primary currency.

In its announcement, the Swiss broker​ explained that the primary factor that drove the latest move was the risks associated with the newly introduced US sanctions against Russia and further uncertainty.

The change concerns all trading accounts. According to the company, the intention of the measure is to prevent possible clients losses in case of significant price gaps in the exchange rate of the Ruble.

The maximum leverage on RUB instruments remains unchanged at 1:10. The revised exposure limit takes immediate effect and will be in force until further notice.

Founded in 2004, Dukascopy is a Swiss bank and trusted online broker​ regulated by 2 top-tier jurisdictions, respectively the Swiss Financial Market Supervisory Authority (FINMA) and Japan's Financial Services Agency (JFSA). The broker continues to expand its offering to meet customer demands despite uncertainty of the current economic environment. As Fazzaco reported on Thursday, Dukascopy added to its list of more than 750 FX and CFD instruments with stocks and ETFs from US, Ireland, Hong Kong, France and Germany​.