This is a formal announcement by Exness (CY) Ltd. in relation to amendments we have made in our Client Agreement. We invite all our clients to review the new version of the agreement by clicking here.
Updates to the agreement include upcoming changes in the leverage we offer to new clients. The changes will take effect on January 31, 2017, in compliance with our home regulator CySEC’s new directives for its regulated brokers.
As one of Europe’s main financial regulators, CySEC is constantly seeking to establish and ensure a level playing field in the industry, governed by the most transparent framework and the highest conduct and ethics standards.
The new measures introduced by CySEC are an important step toward maintaining an environment of trust and security for clients to trade within. As an EU regulated broker who has always adhered to the highest regulatory standards, we align ourselves fully with these new regulatory changes with the following steps:
- Introduction of a lower default leverage ratio of 1:50, with the option for experienced traders to select a higher leverage ratio
- Restriction of the maximum available leverage to 1:200
- Restrictions for less experienced retail clients of a maximum leverage of 1:100
Please note that by “less experienced retail clients” we refer to the clients who fail or get an average score in the appropriateness test they complete upon registration.
The new version of the Client Agreement will come into force 5 business days after the date of publication of the present notice on the Exness website.
Please note: if you do not agree with the conditions of the new version of the Client Agreement, within 5 days of the publication of the present notice, you must send a request to close your account to email@example.com. If such a request is not received within 5 days from the date of publication of the present notice, the updated Client Agreement will automatically be deemed to have your approval and come into effect.