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GAIN Capital warns of unintended consequences from ESMA proposed 30x CFD leverage cap
New York based FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP), which operates the UK-centric City Index as well as the global FOREX.com brands, has issued a statement in response to European regulator ESMA’s plans to limit leverage on FX and CFD trading to 30x. Similar to the reaction of its London-based competitor IG Group Holdings plc (LON:IGG) from earlier this morning – IG called the planned move “disproportionate” – GAIN Capital is warning that the move, if implemented, is likely to unintended consequences. Specifically GAIN Capital is concerned (we believe rightly so) about the move driving ... (full story)
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Sure I have a trading plan. Buy low. Sell high. What's yours?
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BTC/USD Trend Following EA Beta Testing All Time Return:
66.6% BTC/USD NASDAQ
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