I heard that ESMA wants to ban CFD's. What do you guys think?

So I was talking with a few traders and analysts and they said that the rumor is that ESMA wants to ban CFD's in Europe. Please share your thoughts over this topic.

I do not think that ESMA will ban these products. I consider it more like a warning towards brokers to use not so aggressive marketing campaigns, as leveraged products are not suitable for all investors.

well they made new rules that forbids bonuses or salesmen that are not qualified. why take things so far as banning?

ESMA is pushing for harder, better regulation of CFDs, binary options and rolling spot Forex, especially among third-party providers, such as introducing brokers and affiliates. I, personally, haven’t read or heard any talk about any outright ban, but everything is possible.

Man, I have nothing against banning binary options... even the people that are hired in that field, they know they are doing harm every day they go to work. But still I know on CFD's there are brokers that are scamming and so on and still there are STP brokers that you can rely on. Would it be that hard to just clean up this industry...?