Alert: ESMA Upcoming Leverage Changes
Posted: Wed May 09, 2018 7:27 pm
just got this mail in from tickmill uk:
Dear Client,
The European Securities and Markets Authority (ESMA) has recently announced a number of product intervention measures for Retail Clients that are expected to come into effect in July 2018.
These measures include:
· Limits on the amount of leverage that we can offer to retail traders
· A 50% margin close-out rule on a per account basis
· Negative balance protection on an account-by-account basis
main change:
leverage for major pairs from 1:500 ---> 1:30
non major pairs 1:500----> 1:20
soon the european market killed ??
(
Dear Client,
The European Securities and Markets Authority (ESMA) has recently announced a number of product intervention measures for Retail Clients that are expected to come into effect in July 2018.
These measures include:
· Limits on the amount of leverage that we can offer to retail traders
· A 50% margin close-out rule on a per account basis
· Negative balance protection on an account-by-account basis
main change:
leverage for major pairs from 1:500 ---> 1:30
non major pairs 1:500----> 1:20
soon the european market killed ??
(