This ridiculous leverage cap idea of the ESMA will hurt the European brokers really seriously. The winner will be the Swiss brokers like Dukascopy. Do not forget, that the FINMA, the Swiss financial authority is not under the ESMA! They will welcome the European traders with higher leverage needs, I believe.
And maybe later the UK FCA will also revoke the leverage cap after Brexit (but this might be just wishful thinking from me...).
And maybe later the UK FCA will also revoke the leverage cap after Brexit (but this might be just wishful thinking from me...).
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