Going offshore to escape ESMA
IG Group (UK) is planning to offer retail forex clients in the EU an option for escaping the extreme restrictions being imposed by ESMA.
Here is an excerpt from a Finance Magnates article published on Tuesday:
"For those poor plebeians, unable to meet the requirements needed to reclassify as a professional, there is hope yet. IG Group will enable them to contract with their other entities, outside of the European Union, which aren’t subject to those pesky ESMA rules."
Here’s a LINK to the article.