The same applies to all brokers, it is an ASIC rule. If you are a seasoned trader with sufficient volume the requirements are not that difficult to achieve. Check with your broker, they should be able to work out if have traded enough volume for you.Kiwi wrote: Mon Apr 05, 2021 2:29 pm The new Australian regulations do not apply to every Aussie trader. If your with Pepperstone and have traded over $50,000 with them, all you have to do is pass a online test and you'll get a Pro account and then you can go back to 500:1 leverage or what ever you prefer, It only takes about 24hr to change back over.
Re: Australia’s 1:30 leverage: ASIC Announces Leverage Cap, Negative Balance Protection
41nil desperandum