New forex tool for Citi’s private clients
NEWS
LONDON -- Citigroup Private Bank has developed a product for private investors that promises unlimited gains from successful FX trading, but limits losses to the size of the client’s initial investment.
The contracts, called Passport Options, enable clients to engage in an unlimited number of FX transactions within a period ranging from one month to one year. At the end of the period, any profit is paid to the client, while any loss is limited to the amount of the premium paid to purchase the
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