FXCM Reveals Take on Proposed ESMA‎ Rules, Deems Leverage Cap ‎Too Restrictive

[kreslik.news]

The European Securities Markets Authority (ESMA) continues to receive responses to its proposals to limit the sale of risky trading bets to retail investors. FXCM Group shows a similar reaction to its industry peers by voicing concern over the proposal to cap the maximum leverage, saying the limit is highly restrictive and discriminates against retail traders.

Thus far, the common conclusion among Europe’s regulated forex brokers is ‎that ESMA is setting up an anti-competitive environment as the proposed leverage ‎is an arbitrary, low number. Indeed, a cap of 5:1, which ESMA recommends for ‎highly volatile assets, will be the lowest of ... (read more)