"From the 29th of March 2021, ASIC-licensed CFD issuers, i.e. forex & CFD brokers, must restrict the amount of leverage which is offered to retail clients.
Under the new legislation, brokers may not provide retail traders with leverage greater than 1:30. Previously, there were no guidelines on how much leverage forex & CFD brokers may give to clients.
In most cases, brokers generally offered up to 1:500 leverage; some may have gone a bit further by offering as much as 1:1000."
Read the full article: 2021 ASIC Regulation and Australian Forex Broker Changes
Under the new legislation, brokers may not provide retail traders with leverage greater than 1:30. Previously, there were no guidelines on how much leverage forex & CFD brokers may give to clients.
In most cases, brokers generally offered up to 1:500 leverage; some may have gone a bit further by offering as much as 1:1000."
Read the full article: 2021 ASIC Regulation and Australian Forex Broker Changes
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