xCFD Stays Unaffected by Recent Swiss National Bank’s Unexpected Policy on Swiss Franc
xCFD Ltd, an online provider of forex and CFD trading services worldwide, announced that it was not affected by the volatility of the Swiss franc.
After the Swiss National Bank’s announcement the previous morning, a number of forex brokers reported significant losses and were forced to close. However, the unexpected Swiss currency rase did not have a direct impact on New Zealand online broker xCFD.
“Our clients did not experience substantial losses and company’s equity is not at risk. We make sure to take all the measures to secure the funds from the effect of a further Swiss currency volatility and to prevent unfavourable outcomes. We are committed to strict policies of protecting our clients’ funds and keeping them segregated at all times.” — xCFD official commented.
Foreign exchange trading for the Swiss franc is currently operating normally on the xCFD Platform.
*This is a PR notice from xCFD