From HyperScalper:Perhaps there will come a time when we U.S. persons will again be welcomed by the offshore brokers ??
Who knows, there might be a time as I received an email today which shows that Europe is following the CFTC path and puts pressure on the search for Offshore brokers also on this part of the world... This is what I got today:
On 1st August 2018, the new ESMA investor protection measures come into force for retail clients. We are writing to inform you of the changes we need to make to your account.
New Margin Rates
In preparation for the 1st August deadline, on 28th July 2018 new margin rates will be applied to your account. This means that all trades opened from midnight BST on 28th July 2018 will be subject to the new margin rates.
If you have existing open positions prior to midnight 28th July 2018, these will remain on the current margin levels until you close them. They will not be subject to the new margin requirements.
Maximum Trading Leverage
Market Current Retail Margin New Retail Margin Extra Margin Required for Retail Clients
Major currencies 0.5% 3.33% × 6.67
Major indices 0.5% 5% × 10
Metals 0.5% 5% × 10
Commodities 1% 10% × 10
Shares 4% 20% × 5
Cryptocurrencies 25% 50% × 2
No Negative Balance Protection
From midnight BST on 28th July 2018, no negative balance protection will also be applied to your account. This means that the balance on your account cannot go below zero.
Please also note, the 50% margin close out rule will continue to be applied to your account, unless we have communicated to you otherwise. We will be in touch in the next couple of weeks to tell you more about how these changes will affect you.
Professional Client Status
Professional Clients will not be affected by the new upcoming ESMA regulations. Find out more about becoming a Professional Client.
If you have any questions regarding the information in this email then please do not hesitate to contact us on the numbers below."