RoboForex has announced it will maintain the increased leverage as a permanent service for clients with MetaTrader4 and CopyFX system accounts. In it’s announcement, the broker cited client demand as the trigger for the decision.
The announcement echoes a growing post-SNB trend within some industry participants, reverting to the precarious leverage that propelled huge losses both for traders and brokers. Some has been offering leverage leveal as high as 1:2000, 1:666 or 1:888.
Earlier this month the broker launched the revised margin requirements as a limited offer. Asked by Finance Magnates about the risks such opportunities might introduce to traders, the firm’s marketing specialist, explained then:
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“No one denies the importance of capital and risk management even if you trade with a small deposit on the accounts with the increased leverage. One should remember that following the rules of trading, balanced strategy of deposit management, and constant risk management is the area of responsibility of the trader himself.
“Each person has the right to choose how to use the opportunities he has, because the wide choice is intended not to use the provided opportunities irresponsibly, but to help people to choose the best ones from the available.”