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CySEC today issued a circular to all CIF regulated brokers on the island clarifying their position, that promotion of bonus offers should be halted, and they must cap leverage at 50x.

This follows a similar announcement in the US recently with FX brokers being forced to reduce leverage on GBP currency pairs, as reported a few weeks ago on these pages.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Matt Vann

Matt has been trading for over a decade, trading with various forms of Futures, Spread Betting and occassionally, CFDs. He'll trade limited markets including Indices, Currencies and selected Commodities such as Silver and Natural Gas.

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