ASIC observed significant improvements in key metrics and indicators of retail client detriment from CFD trading under the new rules.
Admiral Markets changed a range of stock CFD terms including type of instrument offered, portfolio size limits, leverage, and commissions.
Competition has increased significantly over the past 12 months in the UK between CFD (or “Forex”) and shares brokers.
Dukascopy takes back the leverage on Index CFDs and Gold (XAU/USD) back to its usual level of 1:50.
Leverage restrictions in Australia will now be in line with those already existing in Europe since August 2018.
Dukascopy usually offers up to 100x leverage under normal market conditions.
For the second time in three weeks the big FX industry news story dominating the headlines was regulator action.
What seems to have tipped ASIC to act was its review of how retail traders fared during the first volatile weeks of the COVID-19 pandemic.
Switzerland based retail FX broker Dukascopy has announced the rollback of a number of restrictions it put in place back […]