Why can#t they just regulate the broker to provide a fair and honest pricing platform. The losses are a result of ignorance on the part of the retail trader not the broker. If this was really about consumer protection they would ban all betting shops as well.
Germany takes steps to ban retail trading in financial CFD instruments
Germany’s Federal Financial Supervisory Authority (BaFin) intends to limit the marketing, distribution of and trading in financial contracts for difference (CFDs) as a measure to protect retail investors. Contracts with an additional payments obligation, such as margin, will soon not be available to retail clients. BaFin published on Thursday a draft General Administrative Act concerning the issue. Once the rules are approved, they will come into effect within three months of that date. “In the case of CFDs with an additional payments obligation, the risk of loss for the investor is incalculable. For consumer ... (full story)