Well, no more 1:500 leverage in Australia as per 29. March 2021.
I just received an email from my broker announcing that ASIC decided to follow Europe’s, UK’s and Japan’s regulatory authorities and drop the leverage of CFD for retail traders to 1:30 for Forex pairs, 1:20 for Metals and 1:2 for Crypto-currencies. They don’t like people like us shorting the market.
Asser