We would like to inform you that in the best interests of our clients due to the introduction of the circular 168 dated November 30, 2016 by Cyprus Securities and Exchange Commission (CySEC), the maximum leverage offered to individual clients will not exceed the cap of 1:50 as a default.
The Clients who have passed appropriateness test of the Company will have an option in the Client’s Profile to request to change the default leverage for higher via completing Leverage Change Request Form. The Company reserves the right to refuse to provide higher leverage or can decide to provide a lower leverage than requested by the Clients, if the Company will decide that the Clients do not possess enough trading knowledge and experience and cannot understand the risks associated with leverage requested.
To prevent you from further risks and losses Liteforex (Europe) Limited Сompany has implemented such instrument as “Floating Leverage". Floating Leverage automatically adjusts the leverage size to the volume of open positions on a trade by trade basis.
For instance, the maximum leverage on Liteforex (Europe) Limited accounts are 1:500. This leverage applies until the total volume of open trades equals to 1 000 000 USD or less, once the total volume of all currently open trades exceeds 1 000 000 USD, the leverage for the next open trades goes down to 1:400. When the total volume of all currently open trades exceeds 2 000 000 USD, the leverage for the next open trades goes down to 1:300 etc. To hold higher volume positions, you need more margin.
Further leverage changes are specified in the table below:
|#||Total volume of all open positions (USD)||Leverage|
|1||< 1 000 000||1:500|
|2||1 000 000 – 2 000 000||1:400|
|3||2 000 000 – 3 000 000||1:300|
|4||3 000 000 – 5 000 000||1:200|
|5||≥ 5 000 000||1:50|
Also, according to the legislation of KNF - Polish Financial Supervision Authority that came into force on 16th of July 2015 the maximum leverage offered by Liteforex (Europe) Ltd (ex. Mayzus Investment Company Ltd) to individual clients living in Republic of Poland is set up to 1:100.
If you have any inquiries, please contact us via e-mail: firstname.lastname@example.org