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ESMA confirms 30x max CFD leverage and Binary Options ban

From leaprate.com

More than a month and a half after the close of its public consultation period – and despite receiving a tremendous amount of pushback from both online brokers and traders from across the continent – pan-European financial regulator ESMA today released its final proposals to govern leveraged trading, which remain unchanged from its original proposals. The new measures will be published in the coming weeks in the Official Journal of the EU (OJ) and will start to apply one month, for binary options, and two months, for CFDs, after their publication in the OJ. In brief: • Forex and CFD leverage will be limited to 30x, ... (full story)

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