New regulation of MFSA to restrict leverage for all Retail Clients to 1:50

September 7, 2017

Important Update: Leverage Changes on October 3rd 2017.

Notification

We inform you, that NewForex broker was purchased by broker Forexmart, which has EU regulations. Thus all NewForex clients deposits will be transferred to the jurisdiction of the Forexmart broker. To transfer your funds to Forexmart you need to: 1. Close all open positions by December 24, 2017. 2. Register an account with Forexmart and open a trading account in the same currency. (If you have a micro account, then open the micro, if standard, then open, please, the standard account. 3. To inform NewForex support, the number of the current trading account with NewForex broker and the number of the new trading account with Forexmart broker immediately after the closing of all trading positions. All of the data will be checked and your funds will be transferred to Forexmart account.

New regulation of MFSA to restrict leverage for all Retail Clients to 1:50

This article is originally referred from NSFX News

Your attention is being drawn to the fact that in view of new regulations (refer to revised MFSA policy), NSFX is required to restrict leverage for all Retail Clients to 1:50.

This new leverage restriction shall be implemented for all Retail Client accounts as from 13:00 CET on 3rd October 2017, unless you elect to be treated as a Professional Client, in which case NSFX is required to restrict your leverage to 1:100 as per MFSA policy.

Should you wish to be treated as a Professional Client, you are kindly requested to complete and sign the reclassification form available, and return this to NSFX by return email before the above mentioned deadline. Alternatively, you can affect the reclassification online through MyNSFX.

Should you fail to provide NSFX with any reclassification form by the end of September you will be treated as a Retail Client and the new leverage restriction of 1:50 shall apply to all trades with NSFX.

See more of NSFX

Original Source: NSFX News

50 USD for Free

Free 123 USD

30 USD for Free

25 USD for Free

300 USD for Free

100 USD for Free

Partner brands

Hercules