On November 30, 2016, CySEC issued a new regulation for all forex brokers. The new rules contain the provision that brokers are no longer allowed to carry out deposit bonus promotions. In addition, brokers are also not allowed to offer leverage greater than 1:50. Therefore, as one of the CySEC-regulated brokers, RoboForex has made several updates to its trading rules.

Following are some of the actions taken by the RoboForex broker according to the new CySEC regulations:

• All bonus programs that motivated clients to reach a certain trading volume have been closed.
• The "Leverage up to 1:1000" program is no longer valid for newly opened accounts.
• The rules for providing additional leverage to clients who require more leverage than they choose have been amended.
• Negative balance protection has been implemented for all accounts, regardless of the total amount of compensation paid to clients.
• The withdrawal policy has been changed according to the new requirements.

With this new condition, client funds will receive more protection, and client trading risks will also be minimized. By making these changes, RoboForex complies with all European laws and regulations made by the regulators.

CySEC has previously disclosed that bonus offers are used as promotions to encourage trading activity on complex or speculative products, leaving traders exposed to risk. In addition, trading service providers are required to limit leverage to 1:50 as a default setting.

Changes in leverage at the RoboForex broker only apply to new accounts. Meanwhile, old clients can still change their leverage according to their individual tastes. For more information about changes to trading conditions, you can contact broker support or visit the RoboForex official website.