Professional Trading in CFDs After ESMA: Pros and Cons

[kreslik.news]

The financial services industry underwent a massive shift nearly four months ago, following the announcement from the European Securities and Markets Authority (ESMA) earlier this year. The move set a wide range of new restrictions on contracts-for-differences (CFDs) and binary options, overnight redefining the playing field for brokers.

By extension, traders both professional and novice have also been forced to adapt to this new world, faced with new parameters. To recap, since the beginning of August, brokers are only allowed to provide clients with leverage of 30:1 on CFDs in major currency pairs, 20:1 in indices, non-major ... (read more)