CommexFX Declares CHF Pairs Are Fully Tradable In spite of SNB Announcement

The SNB’s (Swiss National Bank) move to dump its venerable cap against the euro had the Foreign exchange trade experience ruthless instability. Quite a lot of the forex traders, plus foreign exchange brokers suffered cruel losses and a few of them went into insolvency. But, even amidst this disorganized situation, CommexFX has preserved its assurance to its customers and protected them from the severe unpredictability induced by SNB pronouncements. This was possible with CommexFX’s successful risk management policy which fully protected its clients from the market volatility and the fact that the entire CHF pairs are fully tradable for its customers. Additionally, the company has enhanced the CHF pairs’ margin constraints equal to 2.5% with instantaneous effect.

The severe instability was the consequence of two verdicts by SNB:

• It fostered its negative stake rate strategy and decreased the rate of interest from 0.25% to 0.75%.
• It got rid of the 1.20 EUR/CHF floors that were imposed in September 2011, when gold attained its alleged high.

Majority of the brokers closed trading

The financiers in CHF pairs, in particular EURCHF pair, witnessed its cost at 1.1999 and in minutes the EURCHF pair fell below 0.75, shocking the investors. Nevertheless, it at last bounced and closed at just over 1.00. The majority of the brokers reduced their trades in CHF pairs as a result of the reverberations of the dramatic decisions taken by SNB. Nonetheless, CommexFX Company’s unbeaten risk managing strategy has protected it from the upsets of harsh jolts during the past 36 hours. But at the same time the clients of CommexFX heaved a sigh of relief as their CHF pairs were fully tradable during this crisis, even as most of the companies either shuttered or stopped dealing in CHF pairs.