A new image of the forex industry is coming into view before the dust has even settled from the CHF crisis. Responsible brokers are being forced, some by regulators and some by their own risk management, to limit maximum leverage available to traders.
Last night it was revealed that the American National Futures Association (NFA) has become the first major financial supervisor to issue new guidelines about margins following the CHF event and the ripples it made in the industry.
Before that, non-US brokers have also started to limit leverage ahead of the volatility expected when the ECB makes an announcement on QE today and the Greek elections on Sunday.
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The full list of brokers who have started to limit leverage:
We will be updating the list when new announcements are made.