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CySEC ban FX broker bonus offers

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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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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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