AXIORY reduces leverage to protect customers from theft …
(MENAFN – Absolute Communication Group) Dubai, United Arab Emirates, August 26, 2021 – Leading Forex and CFD broker Axiory Global has lowered its leverage to 1:20 on all of its Swiss franc (CHF) currency pairs due to of the uncertainty around the Swiss franc (CHF).
Following these recent developments, Axiory Global CEO Roberto d’Ambrosio said; “Adequately managing risk means being proactive rather than reactive, analyzing risks in both impact and probability, using specialized expertise in the interest of both the firm and its clients. At Axiory, we pride ourselves on prioritizing the stability of our trading environment and safeguarding our clients’ trading and assets over anything else. ”
Axiory is one of the first global brokers to take definitive action to protect its clients from the potential for greater or extreme volatility around the CHF.
Earlier this week, the broker informed clients of the potential for increased market volatility and advised them to be vigilant and take a risk-based approach when trading CHF crosses.
The expected volatility around the CHF is due to recent actions by the Swiss National Bank (SNB). Since 2015, the Swiss National Bank has been buying securities denominated in foreign currencies in an attempt to curb the rise of the franc. In July, their reserves exceeded 1,000 billion Swiss francs for the first time, and their investment portfolio became one of the largest central banks’ balance sheets in terms of foreign currency holdings.
While the SNB is not the only central bank to have increased its balance sheet in recent years, it stands out for the fact that it invests almost a quarter of its reserves in foreign stocks rather than in government bonds. ‘State.
Faced with this possible increase in volatility, Axiory will continue to serve its clients by taking all necessary measures to protect them.
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