UK Financial Conduct Authority (FSA)) wants to reduce the leverage to a ratio of 1:50. Likewise FSA wants to regulate binary options differently. What was the reason for such a serious change?
What are the causes of discontent?
The main body of financial regulation and supervision of Great Britain is not satisfied with the current procedures in the trading system. The main complaint against brokers, because of which retail clients lose their money. And there were about 82% of them in the United Kingdom. As a rule, these are those who are engaged in trading spreads, contracts for difference (CFDs) and currency contracts “roll-spot”.
What does the FSA offer?
(FSA) requires open access to information. First of all, about the ratio of profits and expenses when trading. The department also proposes to limit the size of the loan with leverage of 1:50 and 1:25 for those clients who have less than a year of trading experience. To date, according to the FCA itself, this figure can reach 1: 200. In addition, the FSA proposes to abolish all bonuses and revise the scheme for regulating binary options.
