ASIC has released the following regulatory updates, and it has been effective since 29 March 2021.
The below changes have been applied to retail clients only.
Leverage Restrictions
30:1 for a major currency pairs
20:1 for minor currency pairs, gold or a major stock market index
10:1 for commodities (other than gold) or a minor stock market index
2:1 for crypto-assets
5:1 for shares or other assets
Margin Close-out Protection
Margin close out levels will be set at 50% of equity.
Negative Balance Protection
Restrictions on inducements
These restrictions only applied to retail clients.
Check out our Pro Account eligibility here.
If you have any question please do not hesitate to get in touch at support@sec.rakuten.com.au.