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This article was written by Yael Warman, Content Manager at Leverate.
As the EU regulatory entities have become increasingly ambitious in their powers over the financial market, the legal framework under which social trading is considered has dramatically changed.
CySEC, a regulatory body that was for years considered lax in its approach to FX regulation and enforcement, has tightened the reins on various aspects of the forex industry, including the decision back in 2013 to incorporate social or copy trading under the laws applicable to portfolio management. This somewhat recent determination has been drastically overhauling the social trading landscape.
Considering ... (read more)