The
European Securities and Markets Authority (ESMA) is the
independent EU agency that brings safety and stability of the European Union's
financial system by enhancing the protection of investors and promoting stable
and orderly financial markets.
Earlier
this year ESMA mandated
EU-wide regulatory changes affecting leverage for contracts for difference
(CFDs) and prohibited marketing,
distribution and sale of
binary options to retail investors.
Following this new regulation there are huge consequences for the retail
traders, as leverage for CFDs on major currency pairshas been reduced to
1:30, indices, non-major currency pairs and gold leverage will be at 20:1,
other commodities and non-major indices leverage will be 10:1, equities
leverage will be 5:1 and crypto currency leverage will be 2:1.
My broker, ActivTrades, will apply the new ESMA measures from
July 29, 2018 at 11:00 am (CET).
To
avoid being affected by these new regulatory changes, it’s
better opening an account with the Bahamas
branch of my boker, ActivTrades.
The ActivTrades Bahamas clients
will will keep the previous leverage and margin conditions
without having to open a Professional Account.
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