Complying with the new rules that came into force on July 16, 2015, the Cypriot Forex broker cuts leverage for its Polish customers to 1:100.
RoboForex limits leverage for Polish customers due to new regulations
Cypriot Forex broker RoboForex has announced it will limit maximum leverage for its clients from Poland in tune with new margin requirements imposed by Poland’s regulator KNF.
You may recall that the Cyprus Securities and Exchange Commission (CySEC) addressed Cyprus investment firms in June this year to warn them of the regulatory changes. Under the amended rules, retail investors from Poland are askedto maintain a margin of at least 1% of the value of the position – this translates into a maximum leverage of 1:100.
RoboForex has informed its Polish clients that their maximum leverage will be set at 1:100 from July 24, 2015. The brokerage asks the affected customers to adjust their trading in tune with the new requirements.
The rest of the broker’s customers can still make use of leverage of up to 1:200.
To view the original announcement by RoboForex, click here.
More information on the amendments to Polish Forex regulation can be obtained by clicking here.
David Hobart
David Hobart is Managing Director of FinAffiliates Limited, the UK media group behind LeapRate, AskTraders and a network of more than 30 financial and trading titles published across several languages and regulated markets. He writes on the commercial side of the industry: broker marketing, client acquisition, affiliate strategy and the editorial standards that hold it together. He is based in North Norfolk.
