Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
Abnormal market conditions refer to Section 10.5 in Order Execution Policy of FxPro Financial Services Ltd, in point 11.5 in Order Execution Policy of FxPro UK Limited, in point 8.5 in Order Execution Policy of FxPro Global Markets MENA Limited and in point 9.6 in Order Execution Policy of FxPro Global Markets Ltd.
Fixed spreads shall only apply for ‘Instant Orders;’ all other order types shall be subject to the Order Execution Policy.
The above spreads are applicable under normal forex trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The GBP/JPY pairing is a high risk, volatile currency combination, often refereed to as the ‘The Widow-Maker’. It is defined by large movements in price compared to other pairs. In fact, during the financial collapse of 2008, the pair moved over 7,000 pips; a phenomenon that was simply unheard of.
Depending upon your individual trading style, this volatility is either a highly desired or highly disliked. The GBP/JPY is an optimal choice for traders looking for volatility or large movements, but it should only ever be traded where protective stop-loss orders are used. This pair's significant risks make it highly unsuitable for novices but it however is an ideal moneymaking instrument for those with more experience and a libertine approach to risk.
If the GBP/JPY currency combination would sit well in your portfolio, contact FxPro today.