Offshore forex broker Rexor Investments said it has altered leverage rates on gold instruments to 100:1. The new margin is into effect from 12 February. The trading conditions on other instruments have not been altered.
The broker did not explain its decision, but it noted it is the result of its strategy for risk management and monitoring of market conditions.
“Rexor Investments takes a conservative approach to risk management and we believe this change will provide clients the most appropriate conditions to best manage prevailing market conditions,” the broker said in a notice.
Rexon Investments is based in Belize. The broker is not regulated there or under any other jurisdiction. It offers trading in forex, metals, oil and gas, commodities, indices and stocks. The broker supports the three top forex platforms – MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.