The French presidential election is coming up.
I just receive an email from my broker notifying me about it. My broker is going to lower down my trading leverage from 1:500 to 1:50
Did Anyone else receive an email alert from their Broker about lowering down leverage?
This makes perfect sense.
If a person has been trading with high leverage with same broker.
Then, all of a sudden, the leverage drops. Their previous open orders will most likely be stop out due to margin call.
I understand the brokers lowering down the trading leverage because they want to "PROTECT THE CUSTOMERS ACCOUNT FROM BEING STOP OUT"
Do you think it is a good idea for them to provide their customers a choice to opt-out of that lower leverage "protection" ?