Alpari International Limited, the Mauritius-based retail Forex broker that started operations about a year ago, announced today it will change trading conditions for contracts for difference (CFDs).
The changes, to come into effect on March 30, 2015, will affect the maximum volume size of positions with all CFDs. From this date on, the maximum volume size of a position is cut to 1 lot. Currently, the limit is set at 10 lots for positions on Share, Commodity, Index and ETF CFDs.
The new trading conditions will apply to all positions with CFDs open after March 30, 2015.
The announcement is interesting in that it comes less than 24 hours after Alpari RU, which serves the Russian Forex market, also unveiled amendments to its CFD offering. The company will terminate trading with all CFDs apart from those on Brent and WTI, blaming the move on weak take-up from traders.
Alpari International Limited currently offers a rather wide array of CFDs, including ones on commodities like oil and corn, as well as on ETFs, shares and popular indices.
To view the official announcement by the company on the new CFD trading conditions, click here.