Regulators in Russia are planning to reduce the maximum leverage allowed for Forex transactions to 1:30 (https://theforexreview.com/2018/10/03/regulators-in-russia-plan-to-cap-the-maximum-fx-leverage-at-130/), according to an interview with a deputy director of the Russian central bank.
The move will follow a similar step taken by the European Securities and Markets Authority (ESMA) in August, which also capped the maximum leverage for Forex brokers at 1:30.
Currently, Forex brokers in Russia can still offer leverage of up to 1:50 – the same as the leverage allowed in the USA.
Olga Shishlyannikova, a deputy director of the securities and commodity markets department at the Bank of Russia, says the move is about to be taken because of the numerous complaints by traders who have suffered serious loses.
The move will follow a similar step taken by the European Securities and Markets Authority (ESMA) in August, which also capped the maximum leverage for Forex brokers at 1:30.
Currently, Forex brokers in Russia can still offer leverage of up to 1:50 – the same as the leverage allowed in the USA.
Olga Shishlyannikova, a deputy director of the securities and commodity markets department at the Bank of Russia, says the move is about to be taken because of the numerous complaints by traders who have suffered serious loses.