Forex broker HotForex said on Thursday it will cease trading in contracts for difference (CFDs) on the SUI20 index, starting 3 June at 1825h GMT+3. The broker did not provide an explanation as to why this instrument will be excluded from its offering.
All SUI20 open position will br placed into a close-only mode and if not closed by the said time, they will be automatically closed and pending orders will be canceled.
A week earlier, FXDD, another online forex brokerage, also announced it will cease on 3 June trading in the SUI20 index, in addition to the ITA40 index.
Recently, HotForex added two additional digits to CFDs on the GER30 index, and one additional digit to several other indices – Indices AUS200, FRA40, SPA35, SUI20, UK100, USA100, USA30 and USA500. It explained the decision with its on-going strategy for product optimization.
HotForex is the unified brand name of HF Markets Group, which operates under its subsidiaries HF Markets, licensed by the Mauritius financial regulator, the Financial Services Commission (FSC), and HF Markets (Europe), which holds a license by the Cyprus Securities and Exchange Commission (CySec). CySEC regulation allows access to the markets of all other EU countries.
The broker offers both retail and institutional services.