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New ASIC regulations from March 29

New ASIC regulations from March 29

Updated

Last year, ASIC announced changes in trading conditions for retail CFD traders. These changes are coming into effect on March 29 and include decreased leverage ratios, negative balance protection, increase in stop out level, prohibition on some inducements.

This means that you will no longer be able to use leverage up to 1:500 or get Welcome Bonus. The Bonus accounts opened before March 29 will stay open for trading but will be affected like any other account – the leverage will be reduced, the stop-out level will change from 20% to 50%.

These changes will not affect positions opened before March 29.

Please read the information on the ASIC Regulatory Update page carefully and keep it in mind when trading and opening new accounts.

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