In accordance with its press release from late March, ESMA is extending its restriction on the sale, marketing, and distribution of CFDs to retail clients.
Professional Traders can still trade CFDs with much higher leverages, but that requires brokers to classify some of their customers as “professionals”.
MiFID, GDPR, ESMA. The fact is, if you’re a serious trader or broker, you’d better get in line with the new regulations—and fast!
The new ESMA regulations could change the industry as we know it, but how should brokers react to them? Read these useful guidelines to keep up with the trade shifts.