Excite One, a Japanese broker, announced this week that it has decided to terminate its foreign exchange (forex) service macaso and Trading Station, with the services set to end on the 30th of September 2020.
In fact, according to the statement from the broker, the company has decided to cancel its financial instruments business as of Wednesday, the 21st of October, 2020. Although the company did say the news was disappointing, it has not provided any reasons as to why it has come to this decision.
With this change, clients who hold positions in macaso and Trading Station accounts have until Friday, the 18th of September 2020 to close their positions, at the New York closing.
“For trading accounts whose positions have not been settled by the deadline, we will close all positions after Monday, September 21, 2020. Please note that certain swap points will be generated for payment by our company,” Excite One said in its statement.
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Excite One closing dates
In particular, the service end date for opening a new account ceased on the 8th of July, new positions can only be made until Friday the 10th of July. Clients have until this Friday to make their first deposit.
Furthermore, Excite One’s quick deposit service will be available up until Friday, the 31st of July and the last trading day for position settlement is Friday, the 18th of September. Clients will be able to output and view their annual profit and loss report until Wednesday the 21st of October.
Any payments made after the 1st of August 2020 can only be made by transferring to a designated financial institution account. The broker highlights that payments by transfer will be accepted by the 17th of September 2020.
“The annual profit and loss report for 2020 transactions will be sent in sequence after the full amount is withdrawn. If you would like to have a previous annual profit and loss report, please contact us by Wednesday, October 21, 2020,” the broker outlined in its statement.