CySEC instructs retail brokers to halt bonus promotions, cap leverage at 50x
LeapRate Exclusive... Confirming LeapRate's earlier exclusive story that Cyprus financial regulator CySEC was preparing to ban the use of deposit bonuses (and other retention bonus schemes) for retail traders, CySEC today issued a circular to all CIF regulated brokers on the island clarifying their position. In the circular (full text below), CySEC states: CIFs must…
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