Russian retail Forex traders are broadly unsupportive of the leverage cap of 1:50, outlined in the Forex law, a recent survey has shown.
In December 2014, Russia’s “Centre for Regulation in OTC Financial Instruments and Technologies” (CRFIN) conducted a survey amid
retail Forex traders in the country, asking them to voice their opinion
on the maximum leverage limit set by the lawmakers. The list of
questions covered matters like who should be responsible for determining
leverage limits and what should the optimal cap be. The results of the
survey became known earlier today, with the overwhelming majority of
respondents viewing a cap on leverage of 1:50 as too strict and,
instead, supporting way higher levels of up to 1:500.
Meager 6% of those surveyed said they approved a maximum leverage limit
of 1:50. The bulk of respondents supported more generous leverage. The
optimal maximum leverage should be at 1:100, according to 25% of
respondents, and at 1:200, according to 26% of the respondents. The
favorite maximum leverage level for 30% of those surveyed is 1:500.
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