Retail Traders Start to Move Offshore as ESMA Regulation Bites

[kreslik.news]

In the wake of the European Securities and Markets Authority’s (ESMA) latest regulation, a lot of time has been spent examining how brokers are going to have to change their behaviour. Here at Finance Magnates, we predicted some time ago that we would see industry consolidation alongside brokers shutting up shop or moving offshore.

Less attention has been paid to the people who actually make the retail industry’s existence possible – clients. Last month, yours truly wrote an article, which – thanks for asking – you can read here, covering professional reclassification and how it ... (read more)