Singapore to Cut Down on FX Leverage to 1:20
Retail traders in the city-state nation of Singapore will have to abide by a new forex leverage change that cuts down the previously available leverage to more than half its original size. The official regulator of the forex market in the country, the Monetary Authority of Singapore or MAS, issued this new decree this Tuesday, claiming that the higher the leverage is, the riskier the situation becomes to retail traders. This move was long awaited by the majority of Singapore based brokerage firms, as the regulator has been playing around with the idea for some time.
Investors will now have to cope with a maxed out 1:20 leverage, quite the reduction from the previous 1:50 value.
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