London-Listed Brokers Respond to ESMA and FCA Proposals as Shares Tank

[kreslik.news]

The late Friday announcement from the ESMA and the FCA about prospective limitations of leverage and product intervention are hitting listed brokers today. All of the London-traded forex and CFDs brokers are taking a hit as the regulatory changes mulled by European authorities are sinking in.

The leverage limitation ranging between 1:5 and 1:30, negative balance protection, trading incentives limitations and the margin close-out rule are likely to change the market materially. Binary options products are to be prohibited altogether.


The rules that were published late on Friday surprised the market as shares ... (read more)