Social trading focused Retail FX and CFDs broker Darwinex, previously known as Tradeslide, announced that it has made TRY pairs available for trading again.
In March 2021, opening of new positions in USDTRY, EURTRY, GBPTRY was suspended. This was caused by Political events resulting in extremely thin liquidity and abnormally wide spreads.
Due to an improvement in the market volatility and liquidity in the Turkish Lira, the FX pairs EURTRY, GBPTRY, and USDTRY will be available for trading starting on Monday 24th of May.
According to the broker, although the market conditions are now more stable, customers are reminded that TRY pairs can have high volatility and low liquidity.
Darwinex has added almost all United States-listed stocks, along with more than 60 futures contracts for its clients.
Darwinex is a technology provider helping traders develop their skills and build a verifiable track record. Its technology is bolted on to its exchange providing traders with regulatory cover to charge a 15% success fee.
Founded in 2012, it employs more than 40 across the London headquarters and its development office in Spain.