FxPro are changing their leverage rates
We've received a note from one of our readers regarding a change to leverage use over at FxPro.
"Dear Client,
We would like to inform you that dynamic leverage has now been
introduced for all instruments, excluding FX Majors and Spot Indices, on our
FxPro cTrader platform. We believe this change will help our clients better
manage the risks associated with trading leveraged financial products,
particularly in times of market illiquidity and high volatility.
Dynamic leverage automatically adapts to your trading positions.
As your volume per instrument increases, the maximum leverage on offer
decreases. If you have positions open across multiple instruments, the
leverage will be calculated separately for each. "
Here's more information from their site.
It's looks a bit of a convoluted way to do it, and doesn't really get around risk exposure to leverage, save for reducing it as positions build up, which is a good thing.
Feel free to air your views on this move, or to let us know if your brokers are making any other changes.
