How broker reaction face volatility CHF
yesterday turmoil huge price to CHF pair. some brokers losses and threatened with bankruptcy. This can give you an idea of resistance brokers against unforeseen events so that traders can use it as a reference for the selection of brokers.
As you may already know, yesterday morning there was a very sudden and massive move in Swiss Franc pairs. CHF pairs have never seen this record-high volatility. Within few moments EURCHF dropped to below 1 from an early morning solid-high above 1.20. Other CHF pairs experienced similar extreme moves seen with EURCHF.
What does it mean for traders?
Of course, it was a golden-opportunity for many traders to earn quite a lot. Clients of many brokers, however, were not able to profit from this move due to requotes and rejects. Many brokers have started to cancel Client profits with reference to various causes and contract conditions. We are very sorry to see that happening!
Why Tickmill Clients remain calm?
Simple! Because as always, we didn’t issue a single re-quote and our Clients can keep their profits in their pockets.
We are proud to report that it is business as usual at Tickmill as client trading and all other processes are going normally.
Tickmill is proud of its strong reputation and integrity. We thank our customers for their continued loyalty and welcome new traders who want to experience outstanding service and execution.
This is Tickmill’s approach to trading and serving our clients! We welcome all new Clients!
