Thank you ESMA for your precious rules.
With CFD’s you are not buying or selling currency, but simply betting on underlying assets cross pair prize move, there are no LP’s nada ! In fact your loses are the broker’s revenue…. Capisci
In fact involving a conflict of interest, most likely the main reason why prohibited by US regulators (always been) and restricted on EU side….at last some little supervising actions
.... and we also know how to read their Leverage garbage rules, hum what is this ? WOW
3.7. Leverage change
3.7.1. For the Company’s Client leverage change is possible only once in 24 hours. For security reasons of trade operations performed by the Client, it is impossible to change leverage if the account is in the trade mode (there are open orders).
3.7.2. The Company is entitled to change leverage on the Client account any time without prior notification, based on the leverage limit depending on the sum of equity according to Table 1 and with prior notification according to P. 7.3.
3.7.3. The Company is entitled to apply P. 3.7.2. to already opened positions as well as to reopened positions.
Leverage Limitations up to
1:3000 $200 (US dollars) €200 (euro)
1:2000 $2000 (US dollars) €2000 (euro)
1:1000 $5000 (US dollars) 5000 € (euro)
1:500 $30000 (US dollars) 30000 € (euro)
1:200 $150000 (US dollars) 150000 € (euro)
1:100 No limitations No limitations
1:50 No limitations No limitations
3.7.4. In order to minimize Client's risks at the time of market opening on Monday, in case a Client kept open orders during the weekend, the Company reserves the right to lower the leverage and change margin requirements severalfold.
3.7.5. The leverage for the trading of Metals, CFD, and Crypto currency trading at any trading account is set at:
1:333 for Metals;
1:33 for CFD;
1:3 for Crypto currencies.
