Darwinex Suspends Trading on TRY Pairs

Darwinex, the social trading focused Retail FX and CFDs broker, announced on Thursday that the trading on Turkish lira (TRY) pairs had been disabled until further notice.

The broker elaborated that this measure taken was because the Turkish lira tumbled to a record low after the recent interest rate cuts by the Turkish Central Bank. In view of the uncertainty, the company has taken the decision to disable the opening of new trades on USDTRY, EURTRY and GBPTRY until further notice (only allowing the closure of trades opened beforehand).

Darwinex noted that the extreme measure was to protect both its customers and itself.

Previously,  FxPro, a global retail FX and CFDs broker, has temporarily transferred trades on Turkish Lira pairs (USDTRY and EURTRY) to the close only mode until further notice.