UK FCA looks to lower leverage on FX & CFD

saintalan · Post by **saintalan** » Mon Dec 12, 2016 8:36 pm

I received this from FXCM UK today, anybody else had similar, would maybe be good if we co-ordinated our responses maybe after some Forum discussion?

Thanks

Alan
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Dear Trader,
Recently, the FCA has released a proposal which looks to lower leverage on FX and CFD products. The maximum leverage allowable under this proposal would be 50:1.

Specifically the FCA is proposing:

25:1 maximum leverage for clients with less than 12 months active trading experience

50:1 maximum leverage for clients with greater than 12 months active trading experience
There is a feedback period provided by the FCA regarding their new proposed rules. FXCM will participate in the feedback period and we encourage our clients to do the same.
To submit feedback to the FCA on this proposal click on below link: https://www.fca.org.uk/cp16-40-response-form

mejayusa · Post by **mejayusa** » Sat Dec 17, 2016 2:40 am

Looks like they are doing the same thing they did with usa.

iforexnews · Post by **iforexnews** » Sun Mar 05, 2017 1:22 pm

more information about the FCA new rules here: http://www.forexsq.com/fca-spread-betting-rules/

Post by **SteveHopwood** » Sun Mar 05, 2017 6:56 pm

I am brining this up in my wrup tonight. Thanks for posting.

Post by **josch** » Wed Mar 08, 2017 12:44 pm

You may take this as an enacted 'money management'.
I don't believe, that there are any professional traders exceeding this leverage.

josch