Analysis: Traders Still Have the Power to Influence the FCA

[kreslik.news]

Last week a number of regulators across the European Union announced their opinions regarding ESMA’s take on the retail foreign exchange and CFDs trading market. Several national regulators across the continent have issued communiques to companies from the industry regarding forex, CFDs and binary options trading.

The U.K. Financial Conduct Authority (FCA) has been leading the charge with a cap on leverage for retail traders at 1:50. The German BaFin has taken a milder stance and is not limiting the leverage offered to clients, however it intends to forbid brokers that do ... (read more)