mlawson71 wrote: Wed Mar 28, 2018 12:38 am The European Securities and Markets Authority (ESMA) announced three-month ban on the marketing, distribution or sale of binary options to retail investors and a set of restrictions on CFDs offered to the same type of clients.

The restrictions on CFDs include leverage limits on opening positions; a margin close out rule on a per account basis; a negative balance protection on a per account basis; preventing the use of incentives by a CFD provider; and a standardized risk warning.

To be more precise, the leverage limits on the opening of a position by a retail clients will range from 1:30 to 1:2, depending on the underlying asset.

Krelian99 wrote: Wed Mar 28, 2018 9:23 pm

When exactly it will take place you don't know either, or do you? I couldn't find anything. And are the restrictions to CFDs also a three-month-measurement or without time-limit?

If so, either as EU citizens we go offshore - what is also a stupid idea - or we become professional as quick as possible - what isn't that easy. A maximum leverage of 100:1 or 50:1 would be absolutely fine, but 20:1 is pretty low. I don't want to have to trade EURUSD and not always GBPUSD. Now, trading FX or CFDs is going to become hard work Thanks to crypto hodlers and BO-ler for nothing (who loose maybe most of their money already offshore).

- The major currencies are currency pairs comprising any two of the following currencies:
US Dollar, Euro, Japanese Yen, Pound Sterling, Canadian Dollar or Swiss Franc. All
other currencies are considered non-major.

losajoca wrote: Thu Mar 29, 2018 2:41 am FAQ's on subject, from ESMA.

LazarR wrote: More and more regulators ban binary options and I am completely OK with that as it is pure scam. I am, however, concerned about this CFDs leverage cap, it seems a bit low

MX01 wrote: Fri Mar 30, 2018 2:01 am People can choose what they want to trade. Some of us prefer Binaries and are good at it, others prefer CFD's. It's only scam if the broker withholds your money. And big brokers like IG, CMC, CLM, GoMarkets, Dukascopy, etc offered Binaries and still will be. - 90%+ of traders lose money regardless of the trading product.

We should all be responsible enough to know if we want to lose our money in CFD's or Binaries and not have some bureaucratic entity decide for us.

So many traders and brokers were against ESMA's proposal but they didn't care. F...k them. Now we can find workarounds and brokers outside of EU-zone.