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ActivTrades calls for 50x CFD leverage cap instead of ESMA’s 30x proposal

From leaprate.com

FCA regulated FX and CFDs broker ActivTrades has issued its comments on pan European regulator ESMA’s proposal to limit CFD trading leverage to 30x.
activtradesESMA’s proposals are now in the public consultation phase, with repsonses due by next week, February 5.
Similar to the reaction and analysis of (most) other leading regulated brokers, ActivTrades believes that ESMA’s proposal goes too far, and will eventually result in the unintended consequence of pushing retail traders into the arms of offshore, unregulated brokers offering the higher levels of leverage that many EU-based traders are used to.
The full comment made by … (full story)

https://www.forexfactory.com/news.php?do=news&id=734504

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