• Add
    Company

Update regarding trading on CHF Forex Pairs

Invast

As Last Thursday’s action by the Swiss National Bank (SNB) to remove the 1.20 EURCHF price floor was as surprising as it was dramatic and the effect of this policy change on Global Foreign Exchange Markets is virtually unprecedented. Market participants at all levels were impacted and industry fallout has been widespread.

Invast Financial Pty Ltd (Invast), would like to reassure clients that we remain in a strong financial position. We have more than adequate capital to satisfy regulatory capital requirements as stipulated by ASIC. All client funds remain in the client segregated trust accounts with top tier banks and Invast will continue our best practice policy of not passing client funds to our liquidity providers for the purposes of hedging our client trades. We enjoy the ongoing support and full confidence of the listed Japanese parent company, Invast Securities Co.

In our correspondence on Friday, we noted a review would be conducted on all CHF positions for potential adjustments. We have completed our review of all executed orders and no client adjustments are required.

Clients will also be able to resume trading in CHF pairs via MT4 and cTrader with immediate effect. The minimum margin requirement for the CHF pairs has however been revised and will be set at 2% for all CHF instruments.

Going forward it is business as usual and our full team is here to support you with your trading.

Source: https://www.invast.com.au/
Disclaimer
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}