Here are the new rules on leverage for EU broker:
1/30 ? Perfect :-) ? The main ghanean broker offers up to 1/100. It's three time the new european norm, nobody will trade with them, at least not people just starting, only big portfolios won't live hard the difference.
It will disqualify small accounts. 1:30 means 0.3 lots with 1 k$ in total, which is something what hits them, and the medium account scalpers get hit as well.
The easy solution looks like increasing the trading funds, however money is not as safe with the broker as it is in the bank - the insurance of funds against the broker bankruptcy is limited to 20 k€ here.
Absolutely. Unsure from which head brain such a reform get out but it's very weird !