Singapore lowers its leverage cap

[mlawson71]

Singapore has lowered its leverage cap by more than half. This means forex traders in the country will now have access to leverage of 1:20, as opposed to 1:50 as it was before the changes.

The decision was made by the Monetary Authority of Singapore, however, as with regulatory changes put forward by the European Securities and Markets Authority there are certain loopholes which allow for a more generous leverage under strict conditions.

Аccredited investors in Singapore will have access to the original leverage, however, as in Europe, this would mean meeting strict capital requirements.