ESMA is an independent Authority of the European Union, which contributes to maintaining the stability of the EU financial system by enhancing investor protection, and promoting stable and orderly financial markets.
ESMA’s new requirements consist of reducing the available leverage limitations for Retail clients of financial organisations. The new limitations depend on the volatility of an underlying asset, and are the following:
Major Currency pairs - up to 1:30.
Non-major Currency pairs, Gold, major Indices - up to 1:20.
Commodities, other than Gold, non-major Indices - up to 1:10.
Other individual assets - up to 1:5.
According to ESMA's new requirements, apart from the changes relating to leverage limitations, financial organisations are obliged to provide Margin Call and Stop Out features on a per account basis, as well as Negative balance protection on a per account basis. They are also obliged to implement the standardised risk warning.
ESMA’s new requirements have taken effect as of August 1st 2018.
New requirements are applicable only to Retail clients. For the "Professional Client" category, all the conditions and limitations remain the same.
Read also: How to become a Professional client
The new ESMA requirements apply to all RoboMarkets Retail clients, regardless of their country of residence.
The new leverage limitations will not be be applied automatically to open positions, and their margin requirements will remain the same until you close them.
Only clients who have been qualified as "Professional clients" can keep the current trading conditions.
RoboMarkets provides its clients with an opportunity to undergo a "re-categorisation" procedure, after which you will be upgraded from the "Retail" to the "Professional" level. Find out more about the re-categorisation conditions on the "How to become a Professional client" page of RoboMarkets website.
To be qualified as a Professional Client, you have to meet at least two of the criteria below:
Please, note that you will have to provide supporting documents to pass the re-categorisation procedure. You can send your request right now in your Members Area.
Find out more about the re-categorisation conditions on the "How to become a Professional client" page of RoboMarkets website.
No. The possibility to change the client category from "Retail" to "Professional" is not linked to the implementation of the ESMA’s new requirements.
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