OK I have your attention, ESMA are currently suggesting to cap leverage as low as 5 to 1 across the whole of Europe. As we understand it this isn't a joke, this will kill the industry and trading. The brokers are encouraging everyone to voice your concerns into ESMA throughout the appointment period that lasts until 5 Feb..

DO IT!
Even in the event that you've never protested at anything before, get off your backside and go through the procedure below.

Be calm, think about what you're saying.

Describe how diminishing leverage will cause growth of unregulated brokers outside of the EU, and as a client you will gladly move brokers offering decent leverage.
*
Explain why 50:1 (or whatever you believe) is a better cover for leverage. One reason is that in combination with equilibrium protection that is negative, it is going to allow brokerages to set the proper leverage relative to current volatility requirements, as opposed to a control which is inflexible and static.


These regulations WILL have huge unintended consequences.


HOW TO PROVIDE YOUR FEEDBACK TO ESMA
ESMA has very special requirements when filing your perspectives. Below are the steps:


1) Visit ESMA#8217;s consultation page
https://www.esma.europa.eu/press-new...ures-contracts

2) Download the ";Call for Evidence"; Type loed under ";Related Documents";.

3) Open Microsoft Word or any similar program to offer your feedback.

4) Copy and paste queries from Page 9 of the proposal to Microsoft Word. You don't need to answer every question but we recommend at replying letters ";B"; and ";I.";

5) Save your Word file.

6) Upload your Word file under ";Response Type"; and fill in your details.

7) Hint ";Respond. ";

* Deleted: the number of brokers are limited outside of EU.