ESMA (EU) new regulations for CFDs and binary options to retail investors - page 2

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amando:

that is wrong,

maximum Leverage for Major Currency like EURUSD, GBPUSD, USDJPY is 30:1

CFD is only the headline

Here is the official post: https://www.esma.europa.eu/press-news/esma-news/esma-adopts-final-product-intervention-measures-cfds-and-binary-options

ESMA adopts final product intervention measures on CFDs and binary options
  • www.esma.europa.eu
The European Securities and Markets Authority (ESMA) has formally adopted new measures on the provision of contracts for differences (CFDs) and binary options to retail investors.
 

Not sure about the status of countries to which apply the ESMA, but it'll probably won't apply to europeans financials places, (London, Luxembourg, Cyprus etc ..)

Whoever imagine these places could prosper from tourism doesn't live on the same planet - even if it's not what the migrant rates suggests :D

 
Lot's are CFD's contract for difference! including crypto's/
 
Marco vd Heijden:
Lot's are CFD's contract for difference! including crypto's/

Marco, CFD's are contracts about the change of a certain intrument in a given period of time.

Its not the same as trading the spot price of a certain pair.

 
tt's usually stated on the brokers website somewhere below.
 
I know that with a professional client's account ActivTrades has leverage up to 1:400, offers negative balance protection and even ensures funds up to £1,000,000.
 
Victoria Jensen:
I know that with a professional client's account ActivTrades has leverage up to 1:400, offers negative balance protection and even ensures funds up to £1,000,000.

Only for retail clients. For professional clients, restrictions apply.

 
For ESMA is no possible prohibit propagation of CFD or binary options, or prohibit demo account!!!
 
And prohibition of binary options and CFD restrictions it is from law view no possible, because was doesn't fulfill all conditions from article 40:
-dangerous of CFDs and binary options for investors is not enough serious. (For example it is not reason for financial crisis, and every investor agree with risk in trading conditions)
-prohibitions and restrictions of ESMA are in conflict with other laws and human rights, for example freedom of business / enterprise

Read you please article 40 from EU regulation / rule.
You can download or view EU regulation in more translated languages
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32014R0600

Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 Text with EEA relevance
 
ESMA make dissemination of alarm messages. It is is crime act. Director of ESMA Steven Maijoor can go to prison. On ESMA website I see informations which are false and legally invalid. It is false invalid regulation. ESMA extend disinformations.
ESMA in EU countries law doesn't have competence prohibit binary options and make limitations on CFDs.
 
Help me please! We can take criminal complaint on Holland judicature on director of ESMA Steven Maijoor as physical person. Steven Maijoor can go to prison with high probability.
 
The most dangerous of ESMA regulation is too pessimistic paranoid interpretation of brokers. For example IG, IQ options, CMCmarket (UK branch), actually does not support demo account - because it is "propagation" in interpretation. Broker StockPair locked website for public. It is very bad interpretation – ESMA never prohibit demo account on binary optoins. Brokers do not have to interpret “proffesional trader” rigorously. Interpretation of brokers is possible very very free.
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