ESMA July 29th - Are you prepared

I thought I was prepared, and I forgot to close all my trades on Friday. Now I am concerned that the leverage issues will give me a margin call.
I would like to know what other traders experience with this new ESMA regulations… >???

I just received some email from my forex broker about this situation…

Indeed.A Trader friend of mine had 1/3 of his account wiped out as the rules came into effect… He now does not have enough funds to trade.

What did Dave expect I wonder…

He should surely have received full details of this from his broker in advance. Of course, if they failed to communicate with a client, maybe he’s got a case for a claim.