Wondered how long it would take them...
Recently, the FCA has released a proposal which looks to lower leverage on FX and CFD products. The maximum leverage allowable under this proposal would be 50:1.
Specifically the FCA is proposing:
25:1 maximum leverage for clients with less than 12 months active trading experience
50:1 maximum leverage for clients with greater than 12 months active trading experience
There is a feedback period provided by the FCA regarding their new proposed rules. FXCM will participate in the feedback period and we encourage our clients to do the same.
Recently, the FCA has released a proposal which looks to lower leverage on FX and CFD products. The maximum leverage allowable under this proposal would be 50:1.
Specifically the FCA is proposing:
25:1 maximum leverage for clients with less than 12 months active trading experience
50:1 maximum leverage for clients with greater than 12 months active trading experience
There is a feedback period provided by the FCA regarding their new proposed rules. FXCM will participate in the feedback period and we encourage our clients to do the same.