FOREX.com Modifies Trading Terms in Light of Geopolitical Risk in Ukraine

FOREX.com is StoneX's retail Forex business. It has modified its trading conditions because of geopolitical risks in Ukraine.

According to the broker's warning, some trading on commodity markets such as wheat, corn and oats could be affected by volatility. These markets could be restricted or closed to phone calls, or limit down/limit upward.

The Japanese FOREX.com subsidiary announced today that due to increased geopolitical risks centered around Ukraine, the broker has stopped opening new positions in USD/RUB or EUR/RUB as of Thursday, February 24, 2022.

The market price may fluctuate or liquidity could drop sharply in Forex trading and CFD trading. Spreads could be increased, swap points and interest rates adjusted may increase, open interest restrictions might be implemented, transactions may be stopped or raised, and spreads may be widen.

The broker advises clients to ensure sufficient funds are available.

(Source: Raw News)