Admiral Markets Australia Implements Negative Balance Policy
Posted: Thu Oct 18, 2018 9:01 am
Admiral Markets Pty Ltd, the Australian subsidiary of Admiral Markets Group AS, announced today that it has added a negative balance protection policy – despite it not being mandatory in Australian regulations.
In the European Union, thanks to regulation from the European Securities and Markets Authority (ESMA) contracts for difference (CFD) providers are required to limit the losses a retail client can sustain by imposing automated negative balance protection.
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Basically, it ensures that a trader doesn’t lose more money than the balance on their account. This is even in instances where the ... (read more)