Banking Crisis Prompts eToro To Cut Leverage
eToro, an Israel-based brokerage firm, has recently released a notice to its clients regarding changes to its trading conditions in response to developments in the banking sector.
The notice states that eToro will be reducing the leverage available for new positions in the banking industry to a maximum of X1 due to the current situation. This restriction will only apply to future positions and will not affect existing ones.
The Announcement of eToro About The Reduction of its Leverage
The notice goes on to explain that this measure will remain in place until eToro's risk management criteria allow for additional leverage. The company apologizes for the short notice and asks for its clients' understanding in this matter. https://www.wikifx.com/en/newsdetail/202303155664164878.html?gip=TGal19
Posted Mar 15, 2023, 11:14 AM UTC