Saxo to discontinue sure Foreign exchange CFDs

Multi-asset funding specialist Saxo Financial institution plans to discontinue sure Foreign exchange CFDs, efficient December 29, 2023.

The next devices shall be affected:

All open positions within the above-mentioned devices shall be closed at 11:00 on December 29, 2023. Merchants are suggested to shut their positions earlier than the deadline. Alternatively, Saxo will shut the positions on merchants’ behalf.

At present, positions in these buying and selling devices may be closed solely.

Saxo notes that whereas it’s discontinuing sure Foreign exchange CFDs, buying and selling these Foreign exchange pairs as spot FX, FX swaps and FX choices continues to be out there.