Paul Orford, VP Business Development at TopFX on the Greek default: "Like many things in the markets and life, this will pass and will just go down as just another footnote in trading history. It will line up against such luminaries as the recent SNB movement, Black Wednesday in 1992 all the way back to the Dutch tulip collapse in 1637"
Read moreThe complicated situation in Greece has pushed the broker to warn it may reduce leverage on EUR pairs to 1:50 at market close this Friday.
Read moreThe company is seeking to reduce risks by setting maximum leverage on trades with all Forex instruments to 1:100 from July 3, 2015.
Read moreIndustry renowned risk management mastermind Jeff Wilkins provides a unique and specific insight into how to manage an FX brokerage during a time at which the potential exit by Greece from the Eurozone is a potential trigger for extreme volatility.
Read moreThe company insists that it is unaffected by current instability and assures customers that their funds are safe.
Read moreFrom today, the maximum stop loss feature will be implemented for trades with all instruments on the platform.
Read moreGreece's finance minister Yanis Varoufakis has stated that the country's officials are considering fighting through the courts to remain in the European Union and Eurozone even after defaulting on its £1.1 billion installment, creating an even greater potential burden for the European Central Bank
Read moreIndustry executives speak to LeapRate regarding a close eye is being kept on margin utilization and the requirement for clients to be sufficiently funded in case of extreme volatility caused by an exit from the Eurozone and subsequent default by Greece
Read moreThe EUR managed to recover some losses against the USD and CHF this morning, with the move attributed to an overnight intervention by the Swiss National Bank.
Read moreThe Euro plunged to 1.10 against the US dollar over the weekend as Greek banks remain closed, capital controls are in place and investors rally to empty ATMs across the country. Top economists consider an exit from the Eurozone very likely as referendum spells massive exposure to the ECB of over a third of its capitalization
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