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September 7, 2017

NSFX, New regulation of MFSA to restrict leverage for all Retail Clients to 1:50

Important Update: Leverage Changes on October 3rd 2017.

NSFX - What's now?

We are no longer promoting NSFX. The information regarding to NSFX on the website 'Hercules.Finance' maybe outdated. ref. NSFX

This article is originally referred from NSFX News.

Your attention is being drawn to the fact that in view of new regulations (refer to revised MFSA policy), NSFX is required to restrict leverage for all Retail Clients to 1:50.

This new leverage restriction shall be implemented for all Retail Client accounts as from 13:00 CET on 3rd October 2017, unless you elect to be treated as a Professional Client, in which case NSFX is required to restrict your leverage to 1:100 as per MFSA policy.

Should you wish to be treated as a Professional Client, you are kindly requested to complete and sign the reclassification form available, and return this to NSFX by return email before the above mentioned deadline. Alternatively, you can affect the reclassification online through MyNSFX.

Should you fail to provide NSFX with any reclassification form by the end of September you will be treated as a Retail Client and the new leverage restriction of 1:50 shall apply to all trades with NSFX.

See more of NSFX

Original Source: NSFX News

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