50:1 default leverage starting 2017, January 1st
Following CySEC’s recent Circular (C168) regarding the provision of CFDs and other speculative products to retail clients under MiFID we would like to inform you that trade.Berry is obligated to set the default leverage of all trading accounts as well as instruments to 50:1.
trade.Berry is considering making available higher leverage only upon client’s request and at trade.Berry sole discretion provided that the client has passed the Appropriateness Assessment. Further announcement will be issued to all our clients in the near future.
Further to the above we would like to inform you that the leverage level of CFDs in Forex and Metals will be reduced to 50:1, whereas the leverage and trading conditions of all other instruments will remain at the current conditions.
We would like to clarify that all existing open positions will remain unaffected. The above measures will be introduced only to new positions.
New conditions will come in force January 1st, 2017.