Due to the unrest in the banking sector caused by the closure of several major US banks, international broker eToro has announced that it has adjusted its trading conditions.
Silvergate, Silicon Valley Bank, and Signature Bank in the United States were closed for a variety of reasons, and Western Alliance and First Republic may also be involved in this financial crisis.
According to information published by FNG, eToro sent a notice to its clients informing them that the leverage available on the broker's trading platform for new positions in the banking sector has been reduced to X1.
This decision will only affect future trades and will have no effect on open positions.
According to the broker, this condition will remain in place until the banking sector stabilizes.
