This email is to notify you that over this upcoming weekend we will be changing the contract size for our XRPUSD (Ripple Crypto currency) from 100 to 10,000. This means that the profit or loss for each lot will increase or decrease by 100 times.
For example, right now when you trade 1 lot of XRPUSD, the value of 1 pip is $0.01, but it will now be $1.00. So, right now if you sell 1 lot of Ripple at 0.51754 and buy it back at 0.51869, you would only be down -$0.1150. With the changes the new PL would be -$11.50
We will adjust any open positions that is greater than 1 lot to reflect this new PL. Any position that is less then 1.0 lot will be CLOSED OUT before market close today!
This will go into effect this weekend for market open on Sunday October 7th
If you have any questions, please email us at email@example.com