The Capital Markets Board (CMB) of Turkey announced it has made regulatory amendments to the financial and ancillary service regulation, with which it restricts retail leveraged trading to investors with a deposit of at least TRY 50,000 (about $13,500) (https://smnweekly.com/2017/02/10/turkey-restricts-retail-leveraged-forex-trading-to-clients-with-50k-deposit-cuts-leverage-to-max-501/), or the equivalent in a foreign currency. In addition, the regulator has lowered the maximum margin rate available for retail forex traders to 10:1 from 100:1.
Brokers can offer higher leverage only when clients request this in a written form.
The new rules aim to prevent investors from taking high-risk decisions associates with the use of high leverage, according to the CMB notice.
Brokers can offer higher leverage only when clients request this in a written form.
The new rules aim to prevent investors from taking high-risk decisions associates with the use of high leverage, according to the CMB notice.