Happy Holidays from LiteForex
Hello friends,
just in case anyone missed us out at your beloved forum, here is it again.
As seen on:
- eInvestors Forums
- goldAge.net
- forexTask.com
- moneyFanClub.com
- and tens others..
Dear Clients!
LiteForex wishes you a Merry Christmas and a Happy New Year!
Thank you for staying with us in 2008.
Sincerely yours,
LiteForex Group of Companies
LiteForex Changes trading conditions during the Christmas and New Year holidays
Change in trading conditions during the Christmas and New Year holidays due to the traditionally low trading activity on Forex, the international foreign exchange market.
From December 22, 2008 to January 2, 2009 spread sizes for all financial instruments, included in the quoting list, will be increased threefold compared to their usual values, stated in Contracts Specification. Stop & limit sizes will be increased fivefold compared to their usual values. Margin requirements for all Forex trading instruments will be increased twice and for XAGUSD, USDMXN, USDZAR, USDRUR, EURRUR, GBPRUR – four times. For CFD instruments margin requirements will remain the same.
On January 5, 2009 margin requirements for all Forex instruments, except XAUUSD, XAGUSD, USDCZK, USDHUF, USDMXN, USDPLN, USDSGD, USDZAR, USDRUR, EURRUR, GBPRUR, will get back to their usual values and margin requirements for all CFD instruments will be decreased twice.
Traditionally, major banks increase spread values before the New Year’s holidays, to prevent the possibility of making profit off “noise”. So, because of the magnificently increased volatility, the company reserves the right to increase spread sizes for certain currency pairs, for a specific period of time and amount, which will prevent sniping-related abuse in trading strategies. “Sniping” means trading, based on profits acquired due to quotation malfunction. Spreads will immediately go back to their regular values once spikes stop.
Please take certain measures in advance, so these temporal changes do not affect your trading results.
LiteForex Group of Companies wishes you a Merry Christmas and a Happy New Year.
LiteForex takes steps to protect investors
Dear XXXX YYYYYY,
In response to the unstable situation on the international financial and stock markets, the high volatility of trading and financial instruments, as well as the increasing volatility and instability of the markets in general, which have been caused by the arrival of new market players, LiteForex Group has decided to take measures and to modify customer terms of service.
As of December 1, 2008 the following terms shall become effective:
Opened position – the result of the first part of the fully completed transaction – binds the customer to make an opposite deal of the same volume and keep the equity not lower than 50% of the required margin.
Margin Call and Stop Out levels shall become 100% and 50% respectively.
The maximum leverage for LITEforex accounts will be 200:1 and for REALForex 100:1.
Please, keep these changes in mind, and make the required modifications in order to correspond with the new terms of service.
These measures will help you to avoid unforeseen situations.
Straighthold Investment Group, Inc.
http://liteforex.org
support@liteforex.org
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