In a sign of further uniformity among the world’s major Forex industry regulations, Israel’s Securities Authority (ISA) has announced this past Sunday that it will pursue efforts to curtail leverage available to Forex traders in line with limits already set by European regulators, including ESMA.

This is yet another sign that leverage caps will most likely be uniform across a wide range of regulators, from Europe to Australia and the Middle East, following their counterparts in the United States, who limited leverage several years ago. Nonetheless, the Israeli Forex industry seems to be taking this announcement in stride, as Finance Magnates reports that it has been discussing such changes with ISA for the last year.

It is important to note that local Israeli brokers have offered to lower available leverage unilaterally, even without a formal change to regulations by ISA in order to “find a happy medium” for all parties. This suggests that brokers are willing to work with the regulator to find a meaningful leverage level, which may actually be higher than that currently offered in Europe and the United Kingdom.