On the 15th January, 2015, the Swiss National Bank ended their 1.20 peg to the Euro – a move which shocked markets creating unprecedented volatility. The announcement was unexpected and caught the market by surprise.
Australian Forex services provider, Vantage FX, remains in comfortable trading ground with more than favourable capital requirements. As always, traders can be assured that client funds remain in segregated trust accounts and are kept separate from Vantage company funds as required by ASIC regulations. As a reminder, client funds are externally held with the National Australia Bank (NAB).
As of 18:00 AEDST, 22nd of January, 2015, the minimum margin requirement for some instruments will be revised as a precaution and for the safety of our traders. CHF pairs and Gold and Silver pairings will all require a minimum margin of 2%. All other trading is unaffected and business is continuing as usual.
Concerned clients, who wish to find out more, please contact your Account Manager or email our support team at firstname.lastname@example.org. We would like to thank Vantage FX clients for their patience in this busy time and for their continued support.
Vantage FX, Australia
Amendment date: 22nd January, 2015 to include margin requirement changes.