Saxo Bank Weighs in on ESMA’s Leverage Decision, Strongly Endorses Measures

[kreslik.news]

Several days after the verdict by the European Securities and Markets Authority (ESMA) brokers are continuing to weigh in. This includes Danish multi-asset brokerage Saxo Bank, which has strongly welcomed the new measures and leverage decision by ESMA.

Earlier this week, ESMA released its decision to prohibit marketing, distribution, and sale of binary options and introduce tiered leverage for different instruments. All Contracts for Differences (CFDs) that are allowed on offer will also need to adhere to strict requirements and are temporarily restricted to a set of additional rules.

The decision has sent shockwaves throughout the retail industry drawing both ... (read more)