On January 15th 2015, the Swiss National Bank announced the removal of the minimum level between EUR and CHF at 1.20 (“the floor”) after more than 3 years. This caused the EURCHF to fall more than 20% within minutes.
Back in November 2014, ActivTrades had already anticipated the possibility of such events. Consequently, we decided at the time to increase the margin required on our CHF pairs by a multiple of 16.
Thanks to this measure ActivTrades was able to protect its clients by substantially limiting their losses. Hence by protecting our clients’ interests, we protected the interests of the company as a whole.
As a result, ActivTrades is proud to say we did not suffer any kind of negative impact following the SNB announcement and preserve our name as a trusted and secure provider.
ActivTrades is happy to answer any questions regarding these events. Please, don’t hesitate to contact us.