European Securities and Markets Authority
Major regulatorEuropean Union · ESMA
The EU-wide floor that national regulators such as CySEC and BaFin apply. Caps leverage by asset class, forces a margin close-out at 50%, and requires negative balance protection per account.
Compensation if the firm fails
We have not established whether a compensation scheme applies. Absence of a record here is not evidence there is none — check the authority directly.
Negative balance protection
Required. Losses cannot exceed the funds in the account.
ESMA product intervention measures — read 2026-08-02
Margin close-out
The firm must close out positions when account margin falls to 50% of the minimum required margin.
ESMA product intervention measures — read 2026-08-02
Maximum retail leverage
| Asset class | Maximum leverage |
|---|---|
| Major currency pairs | 30:1 |
| Minor pairs, gold, major indices | 20:1 |
| Other commodities, minor indices | 10:1 |
| Individual equities | 5:1 |
| Cryptocurrencies | 2:1 |
ESMA product intervention measures — read 2026-08-02
A cap is a ceiling, not a target. Leverage decides the margin you post, not what a price move costs you — use the position size calculator to size from your stop instead.
Sources
- ESMA product intervention measures — read 2026-08-02