So far equal ....
Looking more votes plz
Because they can.
Obviously they are hating the new ESMA rules, their gains have been disminish 90%
The reason behind the vote ...
USA was before the new ESMA regulation more strict then EU. max 50 leverage and FIFO, which EU does not require.
Also brokers outside EU dealing with EU clearing houses/LP's/Banks (except certain countries like UK or Netherlands to some extend) will be affected. Simply because for EU based entities to meet the regulation requirements. Those totally unaffected are the ones you do not want to be a client of.
Not sure why so many polling/discussing the subject do not understand jack s. about it.
This will force more money to the market, if you have 1000$ with 1:500 leverage you will need to put 10x the amount that you had before to get 1:50 leverage
As clear as ABC the decision makers want control over more money from the people!!
Just to mention a couple of months ago or more i read an article that banks are starting to find the business of trading useful to them .. dunno if this was related to ESMA decision or not
Or we can trade more sensible, with better money management and lower leverage as we should.