City Traders Imperium, a leading proprietary trading firm, has recently announced a significant update regarding its leverage policy. In a move to simplify trading conditions and enhance the trading experience, the firm has decided to remove the Max Lot Size Allowance rule. This decision came after recognizing that a number of traders were misunderstanding this particular rule, leading to unintentional violations.
Understanding the Leverage Update
The proprietary trading firm has made a pivotal change by reducing its leverage from the previous 100:1 to a more conservative 10:1. This adjustment is a direct response to the challenges traders faced with the Max Lot Allowance rule. By removing this rule, City Traders Imperium aims to provide its traders with a more straightforward trading environment, eliminating the confusion and risk of breaching trading conditions.
Implications of the New Leverage Policy
With the leverage now set at 10:1, traders at City Traders Imperium can look forward to more flexibility in managing their trades. This change means traders can open more lots without the fear of inadvertently violating rules. The removal of the Max lot exposure rule signifies that funded traders no longer have to worry about misunderstandings leading to compliance issues.
The update is expected to save traders time and reduce the complexities associated with managing leverage and lot sizes. For those curious about how this change affects their trading capacity, the Myfxbook margin calculator is a valuable tool. It allows traders to calculate the number of lots they can trade based on their initial account balance, taking into account the new leverage ratio.
Conclusion
In summary, City Traders Imperium’s recent leverage update marks a significant shift towards simplifying trading rules and enhancing the trading environment for its funded traders. By eliminating the Max Lot Size Allowance rule and adjusting the leverage to 10:1, the firm demonstrates its commitment to providing a user-friendly and transparent trading experience. Traders are encouraged to utilize tools like the Myfxbook margin calculator to understand the impact of these changes on their trading strategies.
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