FX MARKET REGULATIONS by Victor Golovtchenko


The New EU Regulations are Reshaping the Retail Brokerage


Space


for Good


Starting from August the 1st the ESMA will use its product intervention powers to limit online trading products offered to retail investors


Tis summer is going to be very different for the brokerage industry worldwide, but particularly so for companies which are operating in the European Union. Starting from the 1st of August the European Securities Markets Authority (ESMA) will use its product intervention powers to steer the retail forex and CFDs trading industry into a new direction.


16 FX TRADER MAGAZINE July - September 2018


Tis direction involved much less leverage available to retail traders and much more protection for clients of retail brokers (or so the ESMA says).


Te new product intervention powers which regulators across the EU received aſter the implementation of MiFID II are going to get tested for an initial period of three months.


During that time, retail brokers will have to adhere to a set of very stringent rules which will significantly impact the industry in the coming years. Aside from singling out forex and CFDs brokers, the ESMA is finally putting an end to the controversial binary options industry which has been plaguing the continent for almost a decade now.


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