Recently I have been experiencing a lowered profit rate on all my assets. When I emailed my account manager, he mentioned that this was a region by region thing; depending on the risk of the region towards the broker, they will either lower or increase the profit rate based on this risk. So I went and asked on the public chat and found that people from my region (Country) were having higher profit rates than I was (40% for me and 89% for them to be exact).
So my question is: is it legal/normal for a broker to offer different profit rates on the same asset for different people?
P.S. In case anyone is wondering, this is a regulated broker.