Hi XXX,
We can see that you have recently migrated from our ASIC entity license to our VFSC license.
We want to ensure you are aware of the leverage changes ASIC have placed on all retail traders, such as yourself.
These new regulations mean that leverage is reduced to as low as 30:1 on Forex pairs, as well as the stop out level rising to 50 % margin. These requirements mean increased equity will have to be held in order to open and keep positions. Please be advised that clients from Australia should be under our ASIC license. We ask that you please migrate back to our ASIC license.
The only way to avoid such changes under our Fusion Markets entity is to register yourself as a Pro trader which would require you to submit proof that you have lengthy trading experience in Forex.
To do this please log in to your Fusion Hub and go to Profile and click migrate. You will then receive an email and please click on the button included on that email. This will move you back to our other entity.