Question: How CySEC's Starter Leverage 1:50 affect my trading accounts?
CySEC’s new regulation “restrictions on maximum leverage for inexperienced traders” will apply on new trading accounts opened after February 2017.
It won’t affect existing trading accounts opened before the date specified by your broker.
Although the leverage at the account opening will be limited to 1:50 or lower, but you can increase the leverage after passing the provided “Appropriate Test”.
*Some brokers may choose to not have the “Starter Leverage” to 1:50, but set limitations only to maximum trading volume at the same time.
The conditions may differ by each broker.
You may contact your broker to find out more detailed changed conditions.
For the list of MT4 and MT5 brokers, please visit the page below.
