Today my broker announced that as of tomorrow evening they will temporarily reduce leverage (from 100:1) to 50:1 on all USD, EUR, JPY, GBP pairs and 20:1 on all CHF pairs and spot XAU & XAG. Existing positions will not be affected by the new leverage requirements. They cite this is in the best interests of clients and their capital with large events coming up with the ECB & Greek elections and will return to normal leverage once volatility has been 'normalised'
I think this is a fairly sensible move - what do you think?
I think this is a fairly sensible move - what do you think?